EUR/CAD – 30M – SELL

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

A continuation of the downward movement down to the next support level at 1.61323 is likely expected.

Caution: A possible trend reversal in the direction of the resistance line at 1.61653 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘RSI Hidden Bullish Divergence’ indicator signal is discovered. The indicator is ‘RSI Hidden Bullish Divergence’. In der Regel bedeutet das ein positives chart signal. Das Paar wird voraussichtlich nach oben gehen.

Next a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which is often a bullish chart scenario. The currency pair could go up.

Next a ‘Northern Doji’ candle pattern is found. The candles form ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.61653 – 1.6168 – 1.61565 – 1.61323 – 1.61066 – 1.61206 —
1.61495 – 1.61430 —
50.570395900046 – 42.650774686144 —
– —
1.61653 – 1768813200

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