EUR/CAD – 30M – SELL

The currency pair Euro/Canadian Dollar (EUR/CAD) moves from the bearish trendline downwards

A continuation of the downward movement downwards to the next support level at 1.60627 is likely expected.

Caution: A possible trend reversal in the direction of resistance at 1.61267 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘%K crosses below %D’ indicator layout is found. The indicator is ‘%K crosses below %D’. which is often a bearish chart scenario. The currency pair could go down.

Besides a ‘Northern Doji’ candle chart pattern is found. The chart shows ‘Northern Doji’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.61267 – 1.61294 – 1.61235 – 1.60627 – 1.60717 – 1.60602 —
1.60945 – 1.61146 —
49.812821992304 – 53.833105367053 —
– —
1.61267 – 1767331800

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