EUR/CAD – 1H – SELL

The pair Euro/Canadian Dollar (EUR/CAD) jumps from the ascending trendline down.

The bearish trend down to the next support level at will persist.

Caution: A possible trend reversal in the direction of the resistance zone at 1.62517 should always be considered.
Consider stop-loss settings accordingly.

Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The currency pair could go down.

Furthermore a ‘Northern Doji’ candle pattern is found. The candles form ‘Northern Doji’. which is a positive signal. 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).

1.62517 – 1.62434 – 1.62565 – 1.61956 – 1.62117 – 1.61906 — 45.87535381328 – 43.034865280362 — 51.55114229292 – 60.21231199409 – 47.024708624089 – 52.422443061912

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