EUR/CAD – 1H – SELL

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

A bearish trend down to the next support line at 1.61434 is considered certain.

Caution: A possible change in the direction of the resistance line at 1.62259 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish signal. The pair is likely to go up.

Furthermore a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which could be a positive chart signal. The currency pair could go up.

Furthermore a ‘Northern Doji’ candle pattern is discovered. The candles show ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.62259 – 1.61728 – 1.62103 – 1.61434 – 1.6146 – 1.61185 —
1.61802 – 1.61931 —
40.283507011177 – 41.968514897493 —
– —
1.62259 – 1768215600

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Northern Doji – Rising Wedge Chart Pattern – – – – – – – –