USD/CAD – 30M – SELL

The currency pair US Dollar/Canadian Dollar (USD/CAD) moves from the descending trendline downwards

A continuation of the downtrend down to the next support at 1.35252 will persist.

Caution: A possible reversal of the trend in the direction of the resistance level at 1.35809 could happen.
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 existing. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart signal. The currency pair is likely to fall.

There is also a ‘Bearish Engulfing’ chart pattern is detected. The chart forms ‘Bearish Engulfing’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.

1.35809 – 1.36063 – 1.36742 – 1.35252 – 1.35451 – 1.36443 —
1.35828 – 1.35855 —
52.083053108016 – 58.168044359961 —
– —
1.35809 – 1773055800

Trading Signals: FOREX – USD – USD/CAD – CAD – Bearish Engulfing – – – – – – – – –