USD/CAD – 30M – SELL

There is also a ‘Double top chart pattern’ chart pattern is detected. The chart shows ‘Double top chart pattern’. which is a negative chart scenario. The currency pair is likely to fall.

There is also a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. this is usually a bearish chart signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 1.35917 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 1.36856 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Bearish Engulfing’ candlestick chart pattern is detected. The candles form ‘Bearish Engulfing’. which is a bearish pattern signal. 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%.

1.36856 – 1.37022 – 1.36745 – 1.3651 – 1.36246 – 1.34929 —
1.36821 – 1.36774 —
55.906863598399 – 38.146857615803 —
– —
1.36856 – 1770121800

Trading Signals: FOREX – USD – USD/CAD – CAD – Bearish Engulfing – Double top chart pattern – – – – – – – –