USD/CAD – 1H – SELLAnd also 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 signal. The currency pair is likely to fall.
And also a ‘%K cross below 0.8’ indicator signal is existing. The indicator shows ‘%K cross below 0.8’. this is usually a bearish signal. The currency pair is likely to fall.
And also a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which could be a negative chart signal. The currency pair could go down.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 1.38547 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support line at 1.39284 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Three Black Crows’ candle chart pattern is discovered. The candles form ‘Three Black Crows’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.40142 |
| 2nd High | 1.3977 |
| Next High | 1.39284 |
| Current Price | 1.38648 |
| Next Low | 1.38547 |
| 2nd Low | 1.38504 |
| 3rd Low | 1.37899 |
1.39284 – 1.39194 – 1.38979 – 1.38842 – 1.38659 – 1.38547 —
1.38934 – 1.38875 —
40.771166684565 – 38.471515949874 —
– —
1.39284 – 1768593600
Trading Signals: FOREX – USD – USD/CAD – CAD – Three Black Crows – – – – – – – – –