USD/CAD – 1H – SELL

The currency pair US Dollar/Canadian Dollar (USD/CAD) moves from the bearish trendline down.

A continuation of the downward movement downwards to the next support at is expected.

Caution: A possible trend reversal in the direction of the resistance zone at 1.36765 should always be considered.
Consider stop-loss settings accordingly.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart scenario. The currency pair is likely to rise.

Then a ‘StochRSI %K line crosses above %D line’ indicator signal is existing. The indicator is ‘StochRSI %K line crosses above %D line’. which could be a positive chart scenario. The currency pair is likely to rise.

Then a ‘StochOSC Hidden Bearish Divergence’ indicator signal is existing. The indicator is ‘StochOSC Hidden Bearish Divergence’. which could be a positive chart scenario. The currency pair is likely to rise.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 1.36308 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support zone at 1.36765 should always be considered.
Consider stop-loss settings accordingly.

1.36765 – 1.37094 – 1.37378 – 1.36308 – 1.36345 – 1.36491 —
1.36589 – 1.36669 —
45.668919218678 – 55.158119193521 —
– —
1.36765 – 1776801600

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