USD/CAD – 30M – SELL

There is also a ‘Double bottom chart pattern’ chart formation is detected. The chart picture forms ‘Double bottom chart pattern’. which is a positive chart scenario. The currency pair is likely to go up.

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

A continuation of the bearish trend downwards to the next support at 1.36704 is expected.

Caution: A possible trend reversal in the direction of the resistance line at 1.37071 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The currency pair could go down.

There is also a ‘Northern Doji’ chart pattern is found. The candles show ‘Northern Doji’. which is a bullish 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).

1.37071 – 1.37030 – 1.37041 – 1.36704 – 1.36692 – 1.36766

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