USD/CAD – 30M – SELLThe pair US Dollar/Canadian Dollar (USD/CAD) goes from the bullish trendline downwards
A bearish descent down to the next support at 1.36424 is certain.
Caution: A possible trend reversal in the direction of the resistance line at 1.37104 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Last Engulfing Top’ candle chart pattern is discovered. The candles show ‘Last Engulfing Top’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.37378 |
| 2nd High | 1.37142 |
| Next High | 1.37104 |
| Current Price | 1.36839 |
| Next Low | 1.36424 |
| 2nd Low | 1.36198 |
| 3rd Low | 1.35777 |
1.36646 – 1.36447 – 1.36432 – 1.36424 – 1.36198 – 1.35777 —
1.36928 – 1.36872 —
75.635346664797 – 59.892530887329 —
– —
1.36646 – 1778202000
Trading Signals: FOREX – USD – USD/CAD – CAD – Last Engulfing Top – – – – – – – – –