Sell USD/CAD – 1H – SELL

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

A continuation of the downward movement down to the next support at 1.43646 will continue.

Caution: A possible change in the direction of the resistance level at 1.44045 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Bearish Engulfing’ candlestick pattern is found. The candles show ‘Bearish Engulfing’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.

Support & Resistance Price Range*
3rd High 1.44632
2nd High 1.44094
Next High 1.44045
Current Price 1.43907
Next Low 1.43646
2nd Low 1.43388
3rd Low 1.42974

Download USD/CAD Signal Image

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