EUR/CAD – 4H – SELL

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

A bearish descent downwards to the next support line at 1.61066 will continue.

Caution: A possible reversal of the trend in the direction of resistance at 1.62623 could be enabled.
Consider stop-loss settings accordingly.

Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart scenario. The currency pair could go up.

Besides a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which is often a bullish chart scenario. The pair is likely to go up.

Besides a ‘Northern Doji’ candlestick chart pattern is found. The chart shows ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.62623 – 1.62259 – 1.62103 – 1.61066 – 1.61434 – 1.60602 —
1.62153 – 1.61808 —
58.220752081991 – 49.769388980683 —
– —
1.62623 – 1768910400

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Northern Doji – Double top retreat up – – – – – – – –