USD/CAD – 1H – SELL

There is also a ‘Double top chart pattern’ chart pattern is discovered. The chart picture forms ‘Double top chart pattern’. this is a bearish signal. The pair is likely to go down.

The currency pair US Dollar/Canadian Dollar (USD/CAD) jumps from the bearish trendline downwards

A continuation of the downtrend downwards to the next support at 1.40283 is likely expected.

Caution: A possible change in the direction of the resistance line at 1.40495 is within the realm of possibility.
Consider stop-loss settings accordingly.

There is also a ‘Northern Doji’ candlestick chart pattern is detected. The chart shows ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.40495 – 1.41006 – 1.41246 – 1.40283 – 1.40812 – 1.40394 —
1.40454 – 1.40326 —
43.207222310635 – 35.099073004537 —
– —
1.40495 – 1764244800

Trading Signals: FOREX – USD – USD/CAD – CAD – Northern Doji – Double top chart pattern – – – – – – – –