USD/CAD – 30M – SELL

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

A continuation of the downward movement down to the next support line at 1.36063 will persist.

Caution: A possible reversal of the trend in the direction of resistance at 1.36268 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart scenario. The currency pair could go down.

Furthermore a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Current target is 1.36024 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support line at 1.36268 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Southern Doji’ candlestick chart pattern is detected. The candles form ‘Southern Doji’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

1.36268 – 1.36298 – 1.36191 – 1.36063 – 1.36039 – 1.3601 —
1.36214 – 1.36245 —
53.686409751758 – 52.202408601172 —
– —
1.36268 – 1777995000

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