USD/CAD – 30M – SELL

The pair US Dollar/Canadian Dollar (USD/CAD) jumps from the bullish trendline down.

A descending movement downwards to the next support line at 1.3867 will continue.

Caution: A possible trend reversal in the direction of the resistance level at 1.38837 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘%K crosses below %D’ indicator signal is discovered. The indicator shows ‘%K crosses below %D’. which could be a negative chart scenario. The currency pair could go down.

Furthermore a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. this is usually a bearish chart signal. The currency pair is likely to fall.

Furthermore a ‘Northern Doji’ candlestick chart pattern is detected. 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’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.38837 – 1.38944 – 1.39193 – 1.3867 – 1.38678 – 1.38669 —
1.38824 – 1.38826 —
56.579693283295 – 56.453804315152 —
– —
1.38837 – 1768269600

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