USD/CAD – 30M – SELL

Moreover a ‘Double bottom retreat down’ chart layout is detected. The chart shows ‘Double bottom retreat down’. which is a bearish signal. The currency pair is likely to fall.

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

A descending movement downwards to the next support at 1.40413 will continue.

Caution: A possible counter-trend in the direction of the resistance level at 1.41258 should be noted.
Consider stop-loss settings accordingly.

Moreover a ‘%K crosses below %D’ indicator signal is discovered. The indicator shows ‘%K crosses below %D’. which is often a bearish chart signal. The pair is likely to go down.

Moreover a ‘MACD crosses below signal’ indicator signal is discovered. The indicator shows ‘MACD crosses below signal’. which is often a bearish chart signal. The pair is likely to go down.

1.40649 – 1.4062 – 1.40576 – 1.40413 – 1.3971 – 1.40235 —
1.40615 – 1.40685 —
57.41929478885 – 63.165226933261 —
– —
1.40649 – 1763580600

Trading Signals: FOREX – USD – USD/CAD – CAD – – Double bottom retreat down – – – –