USD/CAD – 30M – SELLThe pair US Dollar/Canadian Dollar (USD/CAD) goes from the descending trendline downwards
A continuation of the downtrend down to the next support line at is certain.
Caution: A possible change in the direction of resistance at 1.35809 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart signal. The currency pair could go down.
In addition a ‘Bearish Engulfing’ candlestick chart pattern is discovered. The candles show ‘Bearish Engulfing’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.36742 |
| 2nd High | 1.36063 |
| Next High | 1.35809 |
| Current Price | 1.35795 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.35809 – 1.36063 – 1.36742 – 1.35252 – 1.35451 – 1.36443 —
1.35711 – 1.35877 —
51.57778434518 – 54.37934691009 —
– —
1.35809 – 1773055800
Trading Signals: FOREX – USD – USD/CAD – CAD – Bearish Engulfing – – – – – – – – –