EUR/CAD – 1H – SELL

Moreover a ” indicator signal is existing. The indicator shows ”. which is often a bearish chart scenario. The pair is likely to go down.

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Moreover a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The pair is likely to go down.

Moreover a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which could be a negative chart signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is expected. Current target is 1.61205 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support level at 1.61566 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Northern Doji’ chart pattern is discovered. The chart shows ‘Northern Doji’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.61566 – 1.61701 – 1.61646 – 1.61229 – 1.61263 – 1.61205 —
1.61394 – 1.61220 —
43.148030615857 – 44.623027938271 —
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1.61566 – 1772186400

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