USD/CAD – 30M – SELL

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

A continuation of the downtrend downwards to the next support line at 1.3643 is considered certain.

Caution: A possible counter-trend in the direction of the resistance level at 1.36765 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart signal. The currency pair could go down.

Additionally a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart signal. The currency pair could go down.

Additionally a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which is often a bearish signal. The pair is likely to go down.

Additionally a ‘Bearish Engulfing’ candle chart pattern is discovered. The chart forms ‘Bearish Engulfing’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.

1.36765 – 1.36634 – 1.37003 – 1.3643 – 1.36308 – 1.36345 —
1.36652 – 1.36679 —
60.002068260698 – 52.639866217575 —
– —
1.36765 – 1776801600

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