EUR/CAD – 30M – SELLThe pair Euro/Canadian Dollar (EUR/CAD) jumps from the ascending trendline down.
A bearish movement downwards to the next support level at will continue.
Caution: A possible trend reversal in the direction of the resistance line at 1.62259 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish signal. The pair is likely to go up.
Next a ‘MACD-Hist Hidden Bullish Divergence’ indicator layout is discovered. The indicator is ‘MACD-Hist Hidden Bullish Divergence’. this is usually a bullish signal. The pair is likely to go up.
Next a ‘Northern Doji’ candle pattern is detected. The candles form ‘Northern Doji’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.63174 |
| 2nd High | 1.62714 |
| Next High | 1.62259 |
| Current Price | 1.61880 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.62259 – 1.61728 – 1.62103 – 1.61692 – 1.61434 – 1.6146 —
1.61998 – 1.61888 —
41.113085874424 – 40.423560556781 —
– —
1.62259 – 1768215600
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Northern Doji – Rising Wedge Chart Pattern – – – – – – – –