USD/CAD – 30M – SELL

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

A continuation of the downtrend downwards to the next support line at will persist.

Caution: A possible reversal of the trend in the direction of the resistance zone at 1.3977 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The currency pair is likely to fall.

In addition a ‘%K crosses below %D’ indicator layout is discovered. The indicator is ‘%K crosses below %D’. which could be a negative chart scenario. The currency pair is likely to fall.

In addition a ‘Northern Doji’ candle chart pattern is existing. The chart forms ‘Northern Doji’. which 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 chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.3977 – 1.39691 – 1.40142 – 1.39251 – 1.39571 – 1.39403 —
1.39519 – 1.39601 —
42.142035301239 – 52.521424865096 —
– —
1.39770 – 1764860400

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