EUR/CAD – 30M – SELL

The combination Euro/Canadian Dollar (EUR/CAD) goes from the descending trendline down.

A continuation of the downtrend down to the next support at 1.60839 will continue.

Caution: A possible trend reversal in the direction of the resistance level at 1.61575 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Additionally a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which could be a negative signal. The currency pair could go down.

Additionally a ‘Southern Doji’ candlestick chart pattern is detected. The chart forms ‘Southern Doji’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

1.61575 – 1.61711 – 1.61722 – 1.60839 – 1.60978 – 1.60914 —
1.61193 – 1.61320 —
65.025222963402 – 58.692597383754 —
– —
1.61575 – 1771488000

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Southern Doji – Rising Wedge Chart Pattern – – – – – – – –