EUR/CAD – 4H – SELL

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

A continuation of the downtrend down to the next support level at 1.60602 will persist.

Caution: A possible counter-trend in the direction of resistance at 1.61355 is also possible.
Consider stop-loss settings accordingly.

Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish signal. The pair is likely to go up.

Besides a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. this is usually a bullish chart scenario. The pair is likely to go up.

Besides a ‘Northern Doji’ candle chart pattern is detected. The chart forms ‘Northern Doji’. which is a positive pattern 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 ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.61355 – 1.61791 – 1.62146 – 1.60602 – 1.61298 – 1.61281 —
1.61126 – 1.61341 —
51.8953586086 – 57.131225441056 —
– —
1.61355 – 1767024000

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Northern Doji – Double bottom retreat down – – – – – – – –