EUR/CAD – 1H – SELL

The currency pair Euro/Canadian Dollar (EUR/CAD) goes from the descending trendline downwards

A continuation of the bearish trend downwards to the next support level at 1.60788 will persist.

Caution: A possible counter-trend in the direction of the resistance zone at 1.61439 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish chart signal. The currency pair is likely to rise.

Additionally a ‘%K crosses above %D’ indicator layout is detected. The indicator shows ‘%K crosses above %D’. this is usually a bullish chart signal. The currency pair is likely to rise.

Additionally a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which could be a positive signal. The currency pair could go up.

Additionally a ‘Northern Doji’ candle chart pattern is existing. The candles form ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.61439 – 1.61393 – 1.6123 – 1.60788 – 1.60646 – 1.60757 —
1.61269 – 1.61481 —
52.655980682795 – 59.767543824707 —
– —
1.61439 – 1765360800

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Northern Doji – Double top chart pattern – – – – – – – –