USD/CAD – 1H – SELL

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

A continuation of the downward movement down to the next support line at 1.40812 is certain.

Caution: A possible reversal of the trend in the direction of resistance at 1.41185 is within the realm of possibility.
Consider stop-loss settings accordingly.

Next a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The currency pair is likely to fall.

Next a ‘Northern Doji’ chart pattern is found. The chart shows ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.41185 – 1.41305 – 1.41068 – 1.40812 – 1.40394 – 1.3971 —
1.41236 – 1.41198 —
64.057879701702 – 46.092193099606 —
– —
1.41185 – 1764010800

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