EUR/CAD – 30M – SELL

The combination Euro/Canadian Dollar (EUR/CAD) moves from the bullish trendline down.

A bearish trend down to the next support at 1.61231 is considered certain.

Caution: A possible counter-trend in the direction of resistance at 1.61817 could occur.
Please make appropriate stop-loss settings in the case of a trade.

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

Furthermore a ‘StochRSI %K falls below 0.8’ indicator layout is existing. The indicator is ‘StochRSI %K falls below 0.8’. which could be a negative chart scenario. The pair is likely to go down.

Furthermore a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. this is usually a bearish signal. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 1.61524 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of support at 1.61817 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Southern Doji’ candlestick pattern is found. The candles show ‘Southern Doji’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).

1.61817 – 1.61687 – 1.61681 – 1.61231 – 1.61257 – 1.61455 —
1.61713 – 1.61833 —
59.264661767898 – 52.642698811204 —
– —
1.61817 – 1782390600

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