USD/CAD – 30M – SELL

The combination US Dollar/Canadian Dollar (USD/CAD) goes from the ascending trendline downwards

A descent downwards to the next support line at 1.36031 is certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 1.36384 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The currency pair could go down.

There is also a ‘Last Engulfing Top’ candlestick pattern is found. The chart shows ‘Last Engulfing Top’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).

1.36384 – 1.36359 – 1.36372 – 1.36031 – 1.35931 – 1.35971 —
1.36382 – 1.36431 —
63.160693716386 – 63.345431142481 —
– —
1.36384 – 1771270200

Trading Signals: FOREX – USD – USD/CAD – CAD – Last Engulfing Top – – – – – – – – –