USD/CAD – 4H – SELL

The combination US Dollar/Canadian Dollar (USD/CAD) moves from the ascending trendline down.

A descent down to the next support at 1.39849 is expected.

Caution: A possible change in the direction of the resistance line at 1.41401 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The currency pair could go down.

Besides a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which is often a bearish chart scenario. The currency pair is likely to fall.

Besides a ‘Matching Low’ candle chart pattern is found. The candles form ‘Matching Low’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

1.41401 – 1.39859 – 1.39582 – 1.39849 – 1.40007 – 1.38876 —
1.40576 – 1.39981 —
60.061407754936 – 41.64628208151 —
– —
1.41401 – 1762358400

Trading Signals: FOREX – USD – USD/CAD – CAD – Matching Low – Symmetrical Triangle Chart Pattern – – – –