USD/CAD – 30M – BUY

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The currency pair is likely to fall.

Next a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which could be a negative signal. The pair is likely to go down.

Next a ‘Three Outside Down’ candlestick chart pattern is existing. The candles form ‘Three Outside Down’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

1.36415 – 1.3641 – 1.36268 – 1.35777 – 1.36063 – 1.36039 —
1.36398 – 1.36388 —
61.637442664031 – 56.090600633838 —
– —
1.36415 – 1778124600

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