USD/CAD – 1H – SELL

The pair US Dollar/Canadian Dollar (USD/CAD) goes from the bullish trendline down.

A bearish movement downwards to the next support level at 1.39798 will persist.

Caution: A possible change in the direction of the resistance level at 1.41226 should be noted.
Consider stop-loss settings accordingly.

Next a ” indicator layout is discovered. The indicator is ”. which could be a negative chart scenario. The currency pair is likely to fall.

!

Next a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The currency pair is likely to fall.

Next a ‘MACD crosses below signal’ indicator layout is discovered. The indicator is ‘MACD crosses below signal’. which could be a negative chart scenario. The currency pair is likely to fall.

Next a ‘Tweezers Top’ candlestick chart pattern is existing. The chart forms ‘Tweezers Top’. 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 chance of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).

1.41226 – 1.40181 – 1.39956 – 1.39798 – 1.39502 – 1.3953 —
1.41018 – 1.41324 —
73.101183058671 – 75.745022279673 —
– —
1.41226 – 1781733600

Trading Signals: FOREX – USD – USD/CAD – CAD – Tweezers Top – – – – – – – – –