USD/CAD – 30M – SELL

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

A bearish trend down to the next support line at 1.36587 will continue.

Caution: A possible counter-trend in the direction of the resistance line at 1.37063 could occur.
Consider stop-loss settings accordingly.

Also there is a ” indicator signal is detected. The indicator shows ”. which could be a negative chart signal. The currency pair is likely to fall.

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Also there is a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart signal. The currency pair is likely to fall.

Also there is a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which could be a negative chart signal. The currency pair is likely to fall.

Also there is a ‘Bearish Engulfing’ candlestick chart pattern is discovered. The candles form ‘Bearish Engulfing’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.

1.37063 – 1.37246 – 1.37172 – 1.36587 – 1.36744 – 1.36739 —
1.36813 – 1.36935 —
57.120238066064 – 60.051106839876 —
– —
1.37063 – 1772026200

Trading Signals: FOREX – USD – USD/CAD – CAD – Bearish Engulfing – Double bottom retreat down – – – – – – – –