EUR/CAD – 1H – SELL

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

A descent downwards to the next support level at is expected.

Caution: A possible trend reversal in the direction of the resistance line at 1.63095 could happen.
Consider stop-loss settings accordingly.

Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The pair is likely to go down.

Additionally a ‘%K crosses below %D’ indicator signal is found. The indicator is ‘%K crosses below %D’. which is often a bearish chart signal. The pair is likely to go down.

Additionally a ‘Northern Doji’ candle pattern is detected. The candles show ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.63095 – 1.63378 – 1.62557 – 1.61738 – 1.62498 – 1.62079 —
1.62181 – 1.62273 —
45.290136532481 – 48.697638714321 —
– —
1.63095 – 1763445600

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Northern Doji – Double bottom chart pattern – – – –