USD/CAD – 1H – SELLThe currency pair US Dollar/Canadian Dollar (USD/CAD) moves from the bearish trendline down.
A continuation of the downtrend downwards to the next support level at will continue.
Caution: A possible change in the direction of the resistance zone at 1.38979 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart signal. The pair is likely to go up.
Furthermore a ‘Northern Doji’ chart pattern is discovered. The candles show ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.3977 |
| 2nd High | 1.39193 |
| Next High | 1.38979 |
| Current Price | 1.38975 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.38979 – 1.39193 – 1.38879 – 1.38659 – 1.38547 – 1.38669 —
1.39039 – 1.38980 —
59.44687495833 – 46.640937256997 —
– —
1.38979 – 1768330800
Trading Signals: FOREX – USD – USD/CAD – CAD – Northern Doji – – – – – – – – –