Buy USD/CAD – 30M – BUY

The currency pair US Dollar/Canadian Dollar (USD/CAD) moves from the descending trendline downwards

A continuation of the bearish trend down to the next support at is likely expected.

Caution: A possible change in the direction of the resistance zone at 1.37982 could happen.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The currency pair could go down.

In addition a ‘Northern Doji’ candle pattern is found. The chart forms ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

In addition a ‘Double top chart pattern’ chart pattern is discovered. The chart picture forms ‘Double top chart pattern’. which is a negative chart scenario. The pair is likely to go down.

Support & Resistance Price Range*
3rd High 1.38448
2nd High 1.38325
Next High 1.37982
Current Price 1.37840
Next Low
2nd Low
3rd Low

1.37982 – 1.38325 – 1.38448 – 1.37631 – 1.37500 – 1.37864

Download USD/CAD Signal Image

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