USD/CAD – 1H – SELL

Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart scenario. The pair is likely to go down.

Next a ‘%K fall below 80’ indicator signal is existing. The indicator shows ‘%K fall below 80’. this is usually a bearish chart scenario. The pair is likely to go down.

Next a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The currency pair is likely to fall.

Next a ‘On Neck’ chart pattern is existing. The candles show ‘On Neck’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘On Neck’ going down is 56% (Bull Market) & 58% (Bear Market).

1.40213 – 1.40408 – 1.40361 – 1.40138 – 1.39896 – 1.40015 —
1.40534 – 1.40511 —
61.252933918313 – 49.432430074594 —
– —
1.40213 – 1762963200

Trading Signals: FOREX – USD – USD/CAD – CAD – On Neck – Double bottom chart pattern – – – –