USD/CAD – 30M – SELL

The currency pair US Dollar/Canadian Dollar (USD/CAD) goes from the descending trendline down.

A continuation of the bearish trend downwards to the next support level at is expected.

Caution: A possible trend reversal in the direction of resistance at 1.36634 should be noted.
Consider stop-loss settings accordingly.

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

Next a ‘Bearish Engulfing’ candlestick pattern is found. The candles show ‘Bearish Engulfing’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.

1.36634 – 1.37003 – 1.37028 – 1.36345 – 1.36491 – 1.3695 —
1.36634 – 1.36575 —
62.76802573301 – 52.399757435587 —
1.36634 – 1776769200 —
– 1776769200

Trading Signals: FOREX – USD – USD/CAD – CAD – Bearish Engulfing – – – – – – – – –