USD/CAD – 30M – SELLIn addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart signal. The currency pair is likely to fall.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 1.36389124 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support line at 1.3716 is within the realm of possibility.
Consider stop-loss settings accordingly.
In addition a ‘Tweezers Top’ candle chart pattern is detected. The candles form ‘Tweezers Top’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.37993 |
| 2nd High | 1.37525 |
| Next High | 1.3716 |
| Current Price | 1.36598 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.3716 – 1.36703 – 1.369 – 1.36531 – 1.36151 – 1.36265 —
1.36587 – 1.36644 —
43.476654199326 – 49.635024133649 —
1.36531 – 1772769600 —
1.3716 – 1772733600
Trading Signals: FOREX – USD – USD/CAD – CAD – Tweezers Top – – – – – – – – –