USD/CAD – 30M – SELLFurthermore a ‘Bearish Engulfing’ candlestick chart pattern is existing. The candles show ‘Bearish Engulfing’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.41947 |
| 2nd High | 1.41939 |
| Next High | 1.41814 |
| Current Price | 1.41251 |
| Next Low | 1.40930 |
| 2nd Low | 1.40156 |
| 3rd Low | 1.40100 |
Trading Signals: FOREX – USD – USD/CAD – CAD – Bearish Engulfing