USD/CAD – 1H – SELL

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

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

Caution: A possible change in the direction of resistance at 1.39295 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The pair is likely to go down.

Moreover a ‘MACD crosses below signal’ indicator layout is found. The indicator is ‘MACD crosses below signal’. which is often a bearish chart signal. The pair is likely to go down.

Moreover a ‘Last Engulfing Top’ candle chart pattern is existing. The chart forms ‘Last Engulfing Top’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).

1.39295 – 1.3949 – 1.3933 – 1.3902 – 1.38689 – 1.36696 —
1.39237 – 1.39176 —
48.892943082829 – 46.02880063571 —
– —
1.39295 – 1775538000

Trading Signals: FOREX – USD – USD/CAD – CAD – Last Engulfing Top – – – – – – – – –