USD/CAD – 30M – SELLThe currency pair US Dollar/Canadian Dollar (USD/CAD) goes from the bullish trendline downwards
The bearish trend downwards to the next support at 1.40812 is expected.
Caution: A possible change in the direction of the resistance zone at 1.41068 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Northern Doji’ candlestick chart pattern is discovered. The candles show ‘Northern Doji’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.41396 |
| 2nd High | 1.41258 |
| Next High | 1.41068 |
| Current Price | 1.40950 |
| Next Low | 1.40812 |
| 2nd Low | 1.40394 |
| 3rd Low | 1.3971 |
1.41068 – 1.40649 – 1.4062 – 1.40812 – 1.40833 – 1.40394 —
1.40973 – 1.40993 —
48.473741030416 – 49.39372438807 —
– —
1.41068 – 1763667000
Trading Signals: FOREX – USD – USD/CAD – CAD – Northern Doji – – – – – – – – –