USD/CAD – 30M – SELL

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

A descending movement down to the next support at 1.36198 will continue.

Caution: A possible counter-trend in the direction of the resistance zone at 1.36432 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘StochRSI %K line crosses below %D line’ indicator signal 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.

Furthermore a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend will continue. Target of the current trend is 1.3629183 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support line at 1.36432 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Matching Low’ chart pattern is detected. The chart shows ‘Matching Low’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ heading up is 61% (Bull & Bear Market).

1.36432 – 1.36415 – 1.3641 – 1.36198 – 1.35777 – 1.36063 —
1.36255 – 1.36390 —
39.609117333492 – 60.362562411491 —
– —
1.36432 – 1778146200

Trading Signals: FOREX – USD – USD/CAD – CAD – Matching Low – Rising Wedge Chart Pattern – – – – – – – –