EUR/CAD – 30M – SELLCorrection of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 1.619835 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 1.62219 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Bearish Harami’ candle chart pattern is existing. The candles show ‘Bearish Harami’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.62364 |
| Next High | 1.62219 |
| Current Price | 1.62135 |
| Next Low | 1.6204 |
| 2nd Low | 1.61603 |
| 3rd Low | 1.61442 |
1.62219 – 1.62364 – 1.62284 – 1.6204 – 1.61603 – 1.61643 —
1.62219 – 1.62125 —
57.139604273504 – 51.724504150894 —
1.62219 – 1783051200 —
– 1783051200
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Bearish Harami – – – – – – – – –