Sell USD/CAD – 30M – SELL

The combination US Dollar/Canadian Dollar (USD/CAD) jumps from the bullish trendline down.

A descending movement down to the next support level at 1.43379 is likely expected.

Caution: A possible counter-trend in the direction of the resistance zone at 1.44326 could occur.
Consider stop-loss settings accordingly.

There is also a ‘Bearish Engulfing’ candlestick chart pattern is discovered. The candles form ‘Bearish Engulfing’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.

Support & Resistance Price Range*
3rd High 1.44669
2nd High 1.44492
Next High 1.44326
Current Price 1.43952
Next Low 1.43379
2nd Low 1.43349
3rd Low 1.43043

Download USD/CAD Signal Image

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