EUR/CAD – 30M – SELLThe combination Euro/Canadian Dollar (EUR/CAD) jumps from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support line at 1.61432 is certain.
Caution: A possible change in the direction of resistance at 1.62623 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Northern Doji’ candle pattern is existing. The candles form ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to go up. 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.63174 |
| 2nd High | 1.62714 |
| Next High | 1.62623 |
| Current Price | 1.61571 |
| Next Low | 1.61432 |
| 2nd Low | 1.61319 |
| 3rd Low | 1.61066 |
1.62623 – 1.61653 – 1.6168 – 1.61432 – 1.62002 – 1.61319 —
1.61752 – 1.61617 —
39.601208142368 – 41.315412152284 —
– —
1.62623 – 1768923000
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Northern Doji – Inverse Head and Shoulder chart pattern – – – – – – – –