EUR/CAD – 1H – SELL

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

A bearish trend down to the next support at is certain.

Caution: A possible counter-trend in the direction of the resistance line at 1.63176 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish chart signal. The currency pair is likely to rise.

Then a ‘MACD crosses above signal’ indicator signal is discovered. The indicator shows ‘MACD crosses above signal’. this is usually a bullish chart signal. The currency pair is likely to rise.

Then a ‘Bullish Belt Hold’ candlestick pattern is detected. The chart shows ‘Bullish Belt Hold’. 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 success rate of a ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).

1.63176 – 1.6334 – 1.62906 – 1.62465 – 1.62094 – 1.6175 —
1.62818 – 1.62719 —
42.521990386831 – 43.756048094048 —
– —
1.63176 – 1764176400

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Bullish Belt Hold – Symmetrical Triangle Chart Pattern – – – – – – – –