EUR/CAD – 1H – SELLThe currency pair Euro/Canadian Dollar (EUR/CAD) moves from the bullish trendline downwards
A bearish trend downwards to the next support level at is certain.
Caution: A possible change in the direction of resistance at 1.62103 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart scenario. The currency pair could go up.
Additionally a ‘StochOSC Hidden Bullish Divergence’ indicator layout is detected. The indicator shows ‘StochOSC Hidden Bullish Divergence’. this is usually a bullish chart scenario. The currency pair could go up.
Additionally a ‘Northern Doji’ chart pattern is discovered. The candles show ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.62714 |
| 2nd High | 1.62146 |
| Next High | 1.62103 |
| Current Price | 1.61658 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.62103 – 1.61666 – 1.61535 – 1.61185 – 1.61046 – 1.60627 —
1.61628 – 1.61638 —
37.469246444912 – 43.251640380292 —
– —
1.62103 – 1767873600
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Northern Doji – Double bottom chart pattern – – – – – – – –