EUR/CAD – 30M – SELL

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

A continuation of the downtrend down to the next support level at 1.61113 is considered certain.

Caution: A possible change in the direction of the resistance level at 1.61556 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The pair is likely to go down.

Then a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which is often a bearish signal. The currency pair is likely to fall.

Then a ‘Southern Doji’ candlestick chart pattern is discovered. The chart forms ‘Southern 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 likelyhood of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

1.61556 – 1.61549 – 1.61396 – 1.61113 – 1.61167 – 1.6118 —
1.61513 – 1.61464 —
59.714637884982 – 43.309111828267 —
– —
1.61556 – 1770289200

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