EUR/CAD – 30M – SELL

The currency pair Euro/Canadian Dollar (EUR/CAD) moves from the descending trendline downwards

A continuation of the downward movement down to the next support at 1.61077 is expected.

Caution: A possible counter-trend in the direction of the resistance line at 1.61324 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The currency pair is likely to fall.

And also a ‘Southern Doji’ candlestick pattern is existing. The chart shows ‘Southern Doji’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).

1.61324 – 1.61567 – 1.61458 – 1.61077 – 1.61055 – 1.61139 —
1.61337 – 1.61358 —
58.652581969789 – 52.311835439782 —
– —
1.61324 – 1770145200

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Southern Doji – – – – – – – – –