USD/CAD – 1H – SELLThe currency pair US Dollar/Canadian Dollar (USD/CAD) jumps from the ascending trendline downwards
A bearish descent downwards to the next support at will persist.
Caution: A possible reversal of the trend in the direction of the resistance zone at 1.3815 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart scenario. The currency pair is likely to rise.
Also there is a ‘Northern Doji’ candle pattern is found. The chart forms ‘Northern Doji’. this 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.38717 |
| 2nd High | 1.38225 |
| Next High | 1.3815 |
| Current Price | 1.38122 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.3815 – 1.37277 – 1.37086 – 1.37512 – 1.37448 – 1.37 —
1.38172 – 1.38092 —
64.085923209124 – 45.727085409939 —
– —
1.38150 – 1767625200
Trading Signals: FOREX – USD – USD/CAD – CAD – Northern Doji – Symmetrical Triangle Chart Pattern – – – – – – – –