USD/CAD – 30M – SELLThe pair US Dollar/Canadian Dollar (USD/CAD) goes from the descending trendline downwards
A continuation of the bearish trend down to the next support at 1.40394 will continue.
Caution: A possible trend reversal in the direction of the resistance line at 1.41246 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Northern Doji’ candle chart pattern is detected. The candles show ‘Northern Doji’. which is a positive pattern 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’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.41396 |
| 2nd High | 1.41258 |
| Next High | 1.41246 |
| Current Price | 1.40734 |
| Next Low | 1.40394 |
| 2nd Low | 1.3971 |
| 3rd Low | 1.39265 |
1.41246 – 1.41185 – 1.41043 – 1.40892 – 1.41026 – 1.40911 —
1.40991 – 1.40859 —
42.476701411108 – 30.824538170273 —
– —
1.41246 – 1764079200
Trading Signals: FOREX – USD – USD/CAD – CAD – Northern Doji – – – – – – – – –