USD/CAD – 30M – SELLThe pair US Dollar/Canadian Dollar (USD/CAD) jumps from the bearish trendline downwards
A continuation of the downward movement downwards to the next support level at 1.38235 will continue.
Caution: A possible counter-trend in the direction of the resistance line at 1.38426 could be enabled.
Consider stop-loss settings accordingly.
In addition a ‘Northern Doji’ candle pattern is detected. The candles show ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.39284 |
| 2nd High | 1.38785 |
| Next High | 1.38426 |
| Current Price | 1.38119 |
| Next Low | 1.38235 |
| 2nd Low | 1.38141 |
| 3rd Low | 1.37899 |
1.38426 – 1.38406 – 1.38785 – 1.38235 – 1.38141 – 1.38593 —
1.38384 – 1.38385 —
48.502934323993 – 41.495252202778 —
– —
1.38426 – 1768951800
Trading Signals: FOREX – USD – USD/CAD – CAD – Northern Doji – – – – – – – – –