EUR/CAD – 4H – SELL

The pair Euro/Canadian Dollar (EUR/CAD) goes from the bullish trendline downwards

A bearish descent downwards to the next support level at is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 1.62259 could be enabled.
Consider stop-loss settings accordingly.

Also there is a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish chart signal. The pair is likely to go up.

Also there is a ‘%K crosses above %D’ indicator layout is detected. The indicator shows ‘%K crosses above %D’. this is usually a bullish chart signal. The pair is likely to go up.

Also there is a ‘Northern Doji’ candle pattern is detected. The chart shows ‘Northern Doji’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.62259 – 1.62103 – 1.61355 – 1.61434 – 1.60602 – 1.61298 —
1.61927 – 1.61676 —
52.238312566069 – 47.133644652247 —
– —
1.62259 – 1768204800

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Northern Doji – Symmetrical Triangle Chart Pattern – – – – – – – –