USD/CAD – 1H – SELL

The combination US Dollar/Canadian Dollar (USD/CAD) goes from the bearish trendline down.

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

Caution: A possible reversal of the trend in the direction of the resistance level at 1.36048 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative signal. The pair is likely to go down.

Moreover a ‘Tweezers Top’ candlestick chart pattern is found. The chart shows ‘Tweezers Top’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).

1.36048 – 1.35854 – 1.36013 – 1.35545 – 1.35418 – 1.35252 —
1.35934 – 1.35927 —
53.20048208017 – 54.159147953624 —
– —
1.36048 – 1773255600

Trading Signals: FOREX – USD – USD/CAD – CAD – Tweezers Top – – – – – – – – –