USD/CAD – 30M – SELLBesides a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The currency pair is likely to fall.
Besides a ‘Three Black Crows’ chart pattern is detected. The candles show ‘Three Black Crows’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
Besides a ‘Double top chart pattern’ chart layout is detected. The chart shows ‘Double top chart pattern’. which is a negative chart scenario. The currency pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.38922 |
| 2nd High | 1.38713 |
| Next High | 1.38671 |
| Current Price | 1.38297 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.38671 – 1.38713 – 1.38922 – 1.38161 – 1.38079 – 1.38160
Trading Signals: FOREX – USD – USD/CAD – CAD – Three Black Crows