USD/CAD – 1H – SELL

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

A continuation of the bearish trend down to the next support level at 1.37899 is considered certain.

Caution: A possible trend reversal in the direction of the resistance line at 1.38426 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which could be a negative signal. The currency pair is likely to fall.

Additionally a ‘Matching Low’ candle pattern is detected. The chart forms ‘Matching Low’. 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 likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).

1.38426 – 1.39284 – 1.39194 – 1.38141 – 1.38593 – 1.38842 —
1.38401 – 1.38385 —
48.128308809429 – 42.682421102197 —
– —
1.38426 – 1768950000

Trading Signals: FOREX – USD – USD/CAD – CAD – Matching Low – Double top retreat up – – – – – – – –