USD/CAD – 30M – SELL

The currency pair US Dollar/Canadian Dollar (USD/CAD) moves from the ascending trendline downwards

The bearish trend down to the next support line at 1.36696 is certain.

Caution: A possible counter-trend in the direction of the resistance line at 1.37543 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Target of the current trend is 1.371195 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 1.37543 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

1.37543 – 1.37323 – 1.37474 – 1.36696 – 1.37004 – 1.36993 —
1.37092 – 1.37301 —
32.332566353422 – 52.441180505875 —
1.36696 – 1774285200 —
1.37543 – 1774272600

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