USD/CAD – 30M – SELL

The currency pair US Dollar/Canadian Dollar (USD/CAD) jumps from the descending trendline down.

A continuation of the bearish trend downwards to the next support at 1.35719 is certain.

Caution: A possible change in the direction of resistance at 1.35877 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ” indicator layout is found. The indicator is ”. which is often a bearish signal. The pair is likely to go down.

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

Additionally a ‘Bearish Engulfing’ chart pattern is discovered. The candles form ‘Bearish Engulfing’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.

1.35877 – 1.36761 – 1.36887 – 1.35719 – 1.36668 – 1.36671 —
1.35817 – 1.35705 —
35.539453909021 – 29.322818227529 —
– —
1.35877 – 1777624200

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