USD/CAD – 30M – BUYNext a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative signal. The currency pair is likely to fall.
Next a ‘Two Crows’ chart pattern is detected. The candles show ‘Two Crows’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
Next a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which is often a bearish signal. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.38689 |
| 2nd High | 1.38613 |
| Next High | 1.38604 |
| Current Price | 1.38398 |
| Next Low | 1.37966 |
| 2nd Low | 1.37927 |
| 3rd Low | 1.37806 |
1.38604 – 1.38613 – 1.38454 – 1.37966 – 1.37927 – 1.37806