USD/CAD – 30M – SELL

And also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative 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 considered certain. Current target is 1.35733 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 1.36044 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Bearish Engulfing’ candlestick pattern is detected. The candles form ‘Bearish Engulfing’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.

1.36044 – 1.36048 – 1.35854 – 1.3578 – 1.35545 – 1.35418 —
1.35894 – 1.35874 —
51.458239108829 – 47.131054491597 —
– —
1.36044 – 1773284400

Trading Signals: FOREX – USD – USD/CAD – CAD – Bearish Engulfing – – – – – – – – –