USD/CAD – 30M – SELL

The combination US Dollar/Canadian Dollar (USD/CAD) goes from the bearish trendline downwards

A continuation of the downward movement down to the next support level at is considered certain.

Caution: A possible change in the direction of the resistance level at 1.35854 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The pair is likely to go down.

Furthermore a ‘Last Engulfing Bottom:’ candlestick pattern is found. The candles show ‘Last Engulfing Bottom:’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Last Engulfing Bottom:’ going down is 65% (Bull Market) & 67% (Bear Market).

1.35854 – 1.36013 – 1.35809 – 1.35545 – 1.35418 – 1.35599 —
1.35714 – 1.35760 —
49.754499890344 – 51.448997891006 —
– —
1.35854 – 1773185400

Trading Signals: FOREX – USD – USD/CAD – CAD – Last Engulfing Bottom: – – – – – – – – –