USD/CAD – 30M – SELL

The combination US Dollar/Canadian Dollar (USD/CAD) goes from the ascending trendline downwards

A descent down to the next support level at 1.41343 is likely expected.

Caution: A possible change in the direction of the resistance zone at 1.41592 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ” indicator signal is existing. The indicator shows ”. which is often a bearish chart scenario. The pair is likely to go down.

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Also there is a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The pair is likely to go down.

Also there is a ‘Last Engulfing Bottom:’ candle pattern is existing. The candles show ‘Last Engulfing Bottom:’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Last Engulfing Bottom:’ heading down is 65% (Bull Market) & 67% (Bear Market).

1.41592 – 1.41464 – 1.41226 – 1.41343 – 1.41265 – 1.39951 —
1.41521 – 1.41800 —
57.344481121045 – 72.115570456033 —
– —
1.41592 – 1781856000

Trading Signals: FOREX – USD – USD/CAD – CAD – Last Engulfing Bottom: – – – – – – – – –