USD/CAD – 1H – SELL

The combination US Dollar/Canadian Dollar (USD/CAD) jumps from the bullish trendline down.

A descent downwards to the next support line at 1.36696 is expected.

Caution: A possible trend reversal in the direction of the resistance level at 1.37543 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The pair is likely to go down.

Besides a ‘Tweezers Top’ candlestick chart pattern is existing. The chart shows ‘Tweezers Top’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).

1.37543 – 1.37474 – 1.37479 – 1.36696 – 1.36993 – 1.37043 —
1.37531 – 1.37745 —
52.174423072902 – 65.166405278895 —
– —
1.37543 – 1774270800

Trading Signals: FOREX – USD – USD/CAD – CAD – Tweezers Top – – – – – – – – –