USD/CAD – 30M – SELL

Moreover a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The currency pair could go down.

Moreover a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which is often a bearish 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 expected. Current target is 1.36274538 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support level at 1.3641 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Tweezers Top’ chart pattern is detected. The chart shows ‘Tweezers Top’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).

1.3641 – 1.36268 – 1.36298 – 1.35777 – 1.36063 – 1.36039 —
1.36378 – 1.36379 —
62.465359227951 – 59.372832391936 —
– —
1.3641 – 1778097600

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