USD/CAD – 1H – SELL

The currency pair US Dollar/Canadian Dollar (USD/CAD) goes from the ascending trendline downwards

A bearish descent down to the next support line at 1.40283 will persist.

Caution: A possible change in the direction of the resistance line at 1.40495 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘RSI Bullish Divergence’ indicator layout is existing. The indicator is ‘RSI Bullish Divergence’. chart signal.

Next a ‘MACD-Hist Bullish Divergence’ indicator layout is existing. The indicator is ‘MACD-Hist Bullish Divergence’. chart signal.

Next a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. which is often a bullish chart scenario. The currency pair is likely to rise.

Next a ‘Northern Doji’ chart pattern is discovered. The chart shows ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.40495 – 1.41006 – 1.41246 – 1.40283 – 1.40812 – 1.40394 —
1.40376 – 1.40320 —
34.367355750091 – 34.016444126479 —
– —
1.40495 – 1764244800

Trading Signals: FOREX – USD – USD/CAD – CAD – Northern Doji – Rising Wedge Chart Pattern – – – – – – – –