EUR/CAD – 1H – SELL

In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart signal. The currency pair is likely to fall.

In addition a ‘Bearish Engulfing’ chart pattern is discovered. The candles form ‘Bearish Engulfing’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.

1.61701 – 1.61646 – 1.61612 – 1.61229 – 1.61263 – 1.61205 —
1.61438 – 1.61377 —
49.045604776 – 46.778545018498 —
– —
1.61701 – 1772125200

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Bearish Engulfing – Double top retreat up – – – – – – – –