USD/CAD – 1H – SELL

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

A continuation of the bearish trend down to the next support level at is certain.

Caution: A possible change in the direction of the resistance line at 1.36671 could be enabled.
Consider stop-loss settings accordingly.

And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart signal. The currency pair is likely to fall.

And also a ‘Northern Doji’ candlestick pattern is existing. The chart forms ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.36671 – 1.37590 – 1.37543 – 1.36378 – 1.35907 – 1.35997

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