USD/CAD – 30M – SELL

The combination US Dollar/Canadian Dollar (USD/CAD) moves from the ascending trendline down.

A bearish trend downwards to the next support at 1.40235 will continue.

Caution: A possible counter-trend in the direction of the resistance zone at 1.40576 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘%K crosses below %D’ indicator signal is existing. The indicator is ‘%K crosses below %D’. which is often a bearish chart signal. The currency pair could go down.

Also there is a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend will continue. Target of the current trend is 1.40482268 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support level at 1.40576 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Northern Doji’ chart pattern is discovered. The candles form ‘Northern Doji’. 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 success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.40576 – 1.40387 – 1.4045 – 1.40235 – 1.4014 – 1.40138 —
1.40564 – 1.40556 —
64.668961645899 – 63.397166428997 —
– —
1.40576 – 1763418600

Trading Signals: FOREX – USD – USD/CAD – CAD – Northern Doji – – – – –