Sell USD/CAD – 30M – SELL

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

A descending movement down to the next support line at 1.43827 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 1.44632 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Bearish Engulfing’ candlestick pattern is found. The candles show ‘Bearish Engulfing’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.

Support & Resistance Price Range*
3rd High
2nd High 1.44669
Next High 1.44632
Current Price 1.44327
Next Low 1.43827
2nd Low 1.43687
3rd Low 1.43633

Download USD/CAD Signal Image

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