USD/CAD – 30M – SELL

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

A continuation of the bearish trend downwards to the next support level at 1.36527 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 1.37378 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The pair is likely to go down.

Also there is a ‘Bearish Engulfing’ candlestick chart pattern is found. The candles form ‘Bearish Engulfing’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.

1.37378 – 1.37879 – 1.37819 – 1.3695 – 1.37128 – 1.37264 —
1.36797 – 1.36708 —
39.071142069383 – 42.33888553675 —
– —
1.37378 – 1776346200

Trading Signals: FOREX – USD – USD/CAD – CAD – Bearish Engulfing – Rising Wedge Chart Pattern – – – – – – – –