USD/CAD – 1H – SELL

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

A continuation of the bearish trend downwards to the next support at 1.36283 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 1.36856 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The currency pair could go down.

In addition a ‘Bearish Engulfing’ candlestick chart pattern is existing. The chart forms ‘Bearish Engulfing’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.

1.36856 – 1.37022 – 1.35777 – 1.36283 – 1.34929 – 1.34812 —
1.36637 – 1.36782 —
58.729092297098 – 60.043822828164 —
– —
1.36856 – 1770120000

Trading Signals: FOREX – USD – USD/CAD – CAD – Bearish Engulfing – Double top retreat up – – – – – – – –