USD/CAD – 30M – SELLThe pair US Dollar/Canadian Dollar (USD/CAD) goes from the bearish trendline downwards
A continuation of the bearish trend down to the next support line at 1.35039 is certain.
Caution: A possible counter-trend in the direction of resistance at 1.36063 could happen.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which could be a negative chart signal. The currency pair could go down.
In addition a ‘Southern Doji’ candlestick chart pattern is existing. The chart forms ‘Southern Doji’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.3716 |
| 2nd High | 1.36742 |
| Next High | 1.36063 |
| Current Price | 1.35384 |
| Next Low | 1.35039 |
| 2nd Low | 1.34929 |
| 3rd Low | 1.34812 |
1.36063 – 1.36742 – 1.36723 – 1.35451 – 1.36443 – 1.36531 —
1.35587 – 1.35655 —
33.409268232779 – 37.457947272052 —
– —
1.36063 – 1773018000
Trading Signals: FOREX – USD – USD/CAD – CAD – Southern Doji – – – – – – – – –