USD/CAD – 30M – SELL

The pair US Dollar/Canadian Dollar (USD/CAD) moves from the bearish trendline downwards

A continuation of the bearish trend down to the next support at 1.37852 is likely expected.

Caution: A possible trend reversal in the direction of the resistance zone at 1.38445 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. this is usually a bearish chart signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 1.37991948 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support zone at 1.38445 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Northern Doji’ candlestick pattern is discovered. The chart shows ‘Northern Doji’. this 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).

1.38445 – 1.38426 – 1.38426 – 1.38163 – 1.37852 – 1.38235 —
1.38274 – 1.38164 —
51.207719910455 – 36.436922449623 —
– —
1.38445 – 1769047200

Trading Signals: FOREX – USD – USD/CAD – CAD – Northern Doji – Head and Shoulder chart pattern – – – – – – – –