USD/CAD – 30M – SELL

The combination US Dollar/Canadian Dollar (USD/CAD) moves from the bullish trendline downwards

A bearish descent down to the next support level at 1.37874 is expected.

Caution: A possible trend reversal in the direction of the resistance zone at 1.38193 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

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

1.38193 – 1.38192 – 1.37735 – 1.37874 – 1.37443 – 1.36012 — 70.665868919387 – 59.141988541413 — 100 – 89.697866236328 – 100 – 96.565955412109

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