USD/CAD – 30M – BUY

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Target of the current trend is 1.36725 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 1.37142 should be noted.
Consider stop-loss settings accordingly.

Next a ‘Three Outside Down’ candle chart pattern is detected. The chart shows ‘Three Outside Down’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

1.37142 – 1.37139 – 1.36791 – 1.366 – 1.36638 – 1.3643 —
1.36914 – 1.36975 —
35.193865669595 – 50.107003625678 —
– —
1.37142 – 1777012200

Trading Signals: FOREX – USD – USD/CAD – CAD – Three Outside Down – – – – – – – – –