USD/CAD – 30M – SELL

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

A bearish descent down to the next support at 1.38659 is certain.

Caution: A possible reversal of the trend in the direction of resistance at 1.39075 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘%K crosses below %D’ indicator layout is discovered. The indicator shows ‘%K crosses below %D’. which is often a bearish chart scenario. The pair is likely to go down.

In addition a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The pair is likely to go down.

In addition a ‘Northern Doji’ candle pattern is found. The candles show ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.39075 – 1.38964 – 1.38976 – 1.38659 – 1.38547 – 1.3867 —
1.39133 – 1.38986 —
65.226947785909 – 47.612772600197 —
– —
1.39075 – 1768473000

Trading Signals: FOREX – USD – USD/CAD – CAD – Northern Doji – Inverse Head and Shoulder chart pattern – – – – – – – –