USD/CAD – 30M – SELL

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

A descending movement downwards to the next support level at 1.35762 is certain.

Caution: A possible change in the direction of the resistance line at 1.36044 could occur.
In the case of a trade, always set appropriate stop-loss settings.

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

Next a ‘Bearish Engulfing’ candle chart pattern is found. The chart forms ‘Bearish Engulfing’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.

1.36044 – 1.36048 – 1.35854 – 1.35762 – 1.3578 – 1.35545 —
1.36073 – 1.36309 —
65.640221074434 – 77.883772938875 —
– —
1.36044 – 1773284400

Trading Signals: FOREX – USD – USD/CAD – CAD – Bearish Engulfing – – – – – – – – –