USD/CAD – 30M – SELL

The combination US Dollar/Canadian Dollar (USD/CAD) moves from the bullish trendline down.

The bearish trend downwards to the next support line at 1.36587 will persist.

Caution: A possible reversal of the trend in the direction of the resistance level at 1.37122 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The currency pair could go down.

Also there is a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which could be a negative signal. The currency pair could go down.

Also there is a ‘Evening Star’ candle pattern is detected. The chart forms ‘Evening Star’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Evening Star’ going down is 72% (Bull & Bear Market).

1.37122 – 1.37063 – 1.37246 – 1.36587 – 1.36744 – 1.36739 —
1.36683 – 1.36739 —
34.175035309767 – 48.307572994984 —
– —
1.37122 – 1772125200

Trading Signals: FOREX – USD – USD/CAD – CAD – Evening Star – Double top chart pattern – – – – – – – –