USD/CAD – 30M – SELL

The currency pair US Dollar/Canadian Dollar (USD/CAD) jumps from the bullish trendline downwards

A bearish descent down to the next support at 1.366 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 1.37139 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The pair is likely to go down.

And also a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is likely expected. Current target is 1.36961166 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support zone at 1.37139 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Matching Low’ candle chart pattern is existing. The chart forms ‘Matching Low’. which is a positive 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 ‘Matching Low’ going up is 61% (Bull & Bear Market).

1.37139 – 1.36791 – 1.36719 – 1.366 – 1.36638 – 1.3643 —
1.36993 – 1.37122 —
59.176411546746 – 70.035292134838 —
– —
1.37139 – 1776976200

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