USD/CAD – 30M – SELL

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

A continuation of the downtrend down to the next support line at is likely expected.

Caution: A possible counter-trend in the direction of resistance at 1.38426 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The currency pair is likely to fall.

Then a ‘Northern Doji’ candle pattern is found. The candles show ‘Northern Doji’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.38426 – 1.38406 – 1.38785 – 1.38235 – 1.38141 – 1.38593 —
1.38287 – 1.38379 —
41.631523855141 – 50.021307550261 —
1.38235 – 1768966200 —
1.38426 – 1768951800

Trading Signals: FOREX – USD – USD/CAD – CAD – Northern Doji – – – – – – – – –