AUD / CAD: 1 hour chart
Price on levels of diagonal resistance
Price action: pin bar on resistance and 200MA – a negative signal
50 / 200MA: 50 under 200, a price below 200MA – the movement remains short
DeM: an area of over bought market – possibly turning the price downwards.
Alternative scenario: If the price crosses above the 200 MA is possible to break the negative formation and see new upward momentum.