EUR/CAD – 30M – SELL

The combination Euro/Canadian Dollar (EUR/CAD) goes from the descending trendline downwards

A continuation of the downward movement downwards to the next support line at 1.62595 is certain.

Caution: A possible change in the direction of the resistance zone at 1.62827 could happen.
Consider stop-loss settings accordingly.

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The pair is likely to go down.

Furthermore a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which is often a bearish chart scenario. The currency pair is likely to fall.

Furthermore a ‘Northern Doji’ candle chart pattern is detected. The candles form ‘Northern Doji’. this is a bullish pattern 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).

1.62827 – 1.62941 – 1.63176 – 1.62595 – 1.62539 – 1.62692 —
1.62655 – 1.62717 —
46.511233026716 – 48.772042247665 —
– —
1.62827 – 1764257400

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