USD/CAD – 1H – SELL

The pair US Dollar/Canadian Dollar (USD/CAD) moves from the bullish trendline downwards

A descending movement downwards to the next support level at 1.37448 will persist.

Caution: A possible counter-trend in the direction of the resistance line at 1.3815 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘%K crosses below %D’ indicator layout is detected. The indicator shows ‘%K crosses below %D’. this is usually a bearish chart scenario. The pair is likely to go down.

There is also a ‘MACD crosses below signal’ indicator layout is detected. The indicator shows ‘MACD crosses below signal’. this is usually a bearish chart scenario. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Current target is 1.373605 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of support at 1.3815 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

1.3815 – 1.37277 – 1.37086 – 1.37448 – 1.37 – 1.3688 —
1.37666 – 1.37851 —
50.906174702718 – 60.651961243212 —
– —
1.38150 – 1767625200

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