USD/CAD – 1H – SELL

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

A continuation of the downtrend down to the next support line at is likely expected.

Caution: A possible trend reversal in the direction of the resistance level at 1.36671 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart signal. The currency pair is likely to fall.

Besides a ‘Matching Low’ candle pattern is detected. The candles form ‘Matching Low’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

1.36671 – 1.37590 – 1.37543 – 1.35907 – 1.35997 – 1.36273

Trading Signals: FOREX – USD – USD/CAD – CAD – Matching Low – Double top chart pattern