USD/CAD – 30M – SELL

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

A continuation of the bearish trend down to the next support level at 1.37054 will continue.

Caution: A possible reversal of the trend in the direction of the resistance line at 1.37479 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

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

Also there is a ‘Bearish Engulfing’ candle chart pattern is discovered. The chart shows ‘Bearish Engulfing’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.

1.37479 – 1.37378 – 1.37237 – 1.37054 – 1.37138 – 1.36875 —
1.37389 – 1.37339 —
52.791544325617 – 49.685393620612 —
1.37054 – 1773939600 —
1.37479 – 1773932400

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