USD/CAD – 1H – SELL

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

A continuation of the downward movement downwards to the next support at 1.35762 will continue.

Caution: A possible reversal of the trend in the direction of the resistance zone at 1.37094 is also possible.
Consider stop-loss settings accordingly.

And also a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which could be a negative chart signal. The currency pair is likely to fall.

And also a ‘Matching Low’ candle pattern is found. The candles form ‘Matching Low’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).

1.37094 – 1.37378 – 1.37879 – 1.36491 – 1.37128 – 1.37306 —
1.37003 – 1.36472 —
49.561013818991 – 29.407768055512 —
– —
1.37094 – 1776646800

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