USD/CAD – 30M – SELL

The combination US Dollar/Canadian Dollar (USD/CAD) jumps from the descending trendline downwards

A continuation of the downtrend down to the next support at 1.36633 will continue.

Caution: A possible counter-trend in the direction of the resistance line at 1.36900 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which could be a negative chart scenario. The currency pair is likely to fall.

Then a ‘Northern Doji’ candle pattern is detected. The chart forms ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.36900 – 1.36926 – 1.37284 – 1.36633 – 1.36676 – 1.36704

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