USD/CAD – 30M – SELL

The pair US Dollar/Canadian Dollar (USD/CAD) goes from the descending trendline downwards

A continuation of the downtrend down to the next support line at 1.38421 will persist.

Caution: A possible trend reversal in the direction of the resistance zone at 1.38922 could happen.
Consider stop-loss settings accordingly.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 1.38493 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of support at 1.38922 could happen.
Consider stop-loss settings accordingly.

Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The pair is likely to go down.

Then a ‘Double top chart pattern’ chart pattern is detected. The chart picture shows ‘Double top chart pattern’. which is a bearish pattern signal. The currency pair is likely to fall.

Then a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which is often a bearish signal. The pair is likely to go down.

1.38922 – 1.38921 – 1.38986 – 1.38623 – 1.38493 – 1.38495

Download USD/CAD Signal Image

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