EUR/CAD – 30M – SELL

Also there is a ‘Inverse Head and Shoulder chart pattern’ chart layout is existing. The chart picture shows ‘Inverse Head and Shoulder chart pattern’. which is a bullish pattern signal. The currency pair is likely to rise.

The combination Euro/Canadian Dollar (EUR/CAD) goes from the ascending trendline down.

A bearish trend downwards to the next support at 1.62457 is likely expected.

Caution: A possible trend reversal in the direction of the resistance line at 1.63174 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘%K cross above 20’ indicator signal is detected. The indicator is ‘%K cross above 20’. which could be a positive chart signal. The currency pair is likely to rise.

Also there is a ‘MACD crosses above signal’ indicator signal is detected. The indicator is ‘MACD crosses above signal’. which could be a positive chart signal. The currency pair is likely to rise.

Also there is a ‘MACD-Hist Bullish Divergence’ indicator signal is detected. The indicator is ‘MACD-Hist Bullish Divergence’. which could be a positive chart signal. The currency pair is likely to rise.

Also there is a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which is often a bullish chart scenario. The pair is likely to go up.

Also there is a ‘Northern Doji’ candlestick chart pattern is discovered. The candles form ‘Northern Doji’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.63174 – 1.62815 – 1.62873 – 1.62674 – 1.62507 – 1.62457 —
1.62598 – 1.62468 —
38.118619666707 – 31.243932394077 —
– —
1.63174 – 1764855000

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Northern Doji – Inverse Head and Shoulder chart pattern – – – – – – – –