USD/CAD – 30M – SELL

The currency pair US Dollar/Canadian Dollar (USD/CAD) jumps from the descending trendline down.

A continuation of the bearish trend downwards to the next support line at 1.37994 is certain.

Caution: A possible change in the direction of the resistance line at 1.38594 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘%K crosses below %D’ indicator layout is found. The indicator shows ‘%K crosses below %D’. which is often a bearish chart scenario. The currency pair is likely to fall.

Besides a ‘Northern Doji’ candlestick pattern is discovered. The chart forms ‘Northern Doji’. which is a bullish 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).

1.38594 – 1.38288 – 1.3952 – 1.37994 – 1.38134 – 1.39251 —
1.38594 – 1.38526 —
63.508081736504 – 58.023465345732 —
1.38594 – 1765234800 —
– 1765234800

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