USD/CAD – 1H – SELL

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

A bearish trend downwards to the next support level at 1.38547 is likely expected.

Caution: A possible trend reversal in the direction of the resistance line at 1.38979 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish signal. The pair is likely to go up.

Also there is a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which could be a positive chart signal. The currency pair could go up.

1.38979 – 1.39193 – 1.38879 – 1.38547 – 1.38669 – 1.38504 —
1.38873 – 1.38806 —
47.039289468651 – 45.725413607291 —
– —
1.38979 – 1768330800

Trading Signals: FOREX – USD – USD/CAD – CAD – – Rising Wedge Chart Pattern – – – – – – – –