EUR/CAD – 1H – SELL

The currency pair Euro/Canadian Dollar (EUR/CAD) jumps from the ascending trendline downwards

A descending movement downwards to the next support at is considered certain.

Caution: A possible trend reversal in the direction of resistance at 1.63378 could occur.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart signal. The pair is likely to go up.

There is also a ‘Northern Doji’ candle pattern is found. The chart shows ‘Northern Doji’. this is a bullish 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’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.63378 – 1.62557 – 1.63101 – 1.62079 – 1.61926 – 1.61963 —
1.62759 – 1.62816 —
39.355178625216 – 51.365645863465 —
– —
1.63378 – 1763132400

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Northern Doji – Double bottom retreat down – – – –