USD/CAD – 1H – SELLThe combination US Dollar/Canadian Dollar (USD/CAD) jumps from the descending trendline downwards
A continuation of the downtrend downwards to the next support at 1.36283 will continue.
Caution: A possible change in the direction of the resistance line at 1.36856 should always be considered.
Consider stop-loss settings accordingly.
Furthermore a ‘StochOSC Hidden Bearish Divergence’ indicator signal is discovered. The indicator shows ‘StochOSC Hidden Bearish Divergence’. In der Regel bedeutet das ein positives signal. Das Paar wird voraussichtlich nach oben gehen.
Furthermore a ‘Matching Low’ chart pattern is discovered. 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 success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.37389 |
| 2nd High | 1.37022 |
| Next High | 1.36856 |
| Current Price | 1.36660 |
| Next Low | 1.36283 |
| 2nd Low | 1.34929 |
| 3rd Low | 1.34812 |
1.36856 – 1.37022 – 1.35777 – 1.36283 – 1.34929 – 1.34812 —
1.36739 – 1.36793 —
59.502861456574 – 62.060501604785 —
– —
1.36856 – 1770120000
Trading Signals: FOREX – USD – USD/CAD – CAD – Matching Low – – – – – – – – –