USD/CAD – 30M – SELL

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

A bearish trend downwards to the next support line at is likely expected.

Caution: A possible change in the direction of the resistance level at 1.35956 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart scenario. The pair is likely to go down.

In addition a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The pair is likely to go down.

In addition a ‘Bearish Engulfing’ candle chart pattern is existing. The chart shows ‘Bearish Engulfing’. which is a bearish signal. The 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%.

1.35956 – 1.3593 – 1.35877 – 1.3575 – 1.35499 – 1.35719 —
1.35932 – 1.36046 —
53.954694387344 – 63.705242715663 —
– —
1.35956 – 1777867200

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