USD/CAD – 30M – SELL

Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 1.35354 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support zone at 1.36146 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Three Outside Down’ candle pattern is detected. The candles form ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

1.36146 – 1.37389 – 1.37196 – 1.35354 – 1.35586 – 1.36752 —
1.35653 – 1.36076 —
41.203987064416 – 61.332744852926 —
– —
1.36146 – 1769572800

Trading Signals: FOREX – USD – USD/CAD – CAD – Three Outside Down – – – – – – – – –