USD/CAD – 30M – SELLThe currency pair US Dollar/Canadian Dollar (USD/CAD) goes from the bullish trendline downwards
A descent down to the next support line at 1.37899 will continue.
Caution: A possible change in the direction of the resistance line at 1.3952 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Northern Doji’ chart pattern is found. The chart shows ‘Northern Doji’. which is a bullish signal. The 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.3977 |
| 2nd High | 1.39604 |
| Next High | 1.3952 |
| Current Price | 1.38598 |
| Next Low | 1.37899 |
| 2nd Low | 1.37564 |
| 3rd Low | 1.37512 |
1.38266 – 1.3825 – 1.3776 – 1.37899 – 1.37564 – 1.37512 —
1.38840 – 1.38748 —
69.453893150108 – 49.870308846696 —
– —
1.38266 – 1767780000
Trading Signals: FOREX – USD – USD/CAD – CAD – Northern Doji – – – – – – – – –