EUR/CAD – 30M – SELL

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

A bearish descent down to the next support line at 1.6204 will persist.

Caution: A possible counter-trend in the direction of resistance at 1.6265 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Current target is 1.61854576 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support level at 1.6265 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Southern Doji’ candle chart pattern is detected. The chart forms ‘Southern Doji’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

1.6265 – 1.62669 – 1.62602 – 1.62232 – 1.62268 – 1.6204 —
1.62346 – 1.62127 —
33.750672752602 – 30.18043984594 —
– —
1.6265 – 1783438200

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Southern Doji – – – – – – – – –