USD/CAD – 30M – SELL

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

A descent down to the next support level at 1.36676 will continue.

Caution: A possible change in the direction of the resistance level at 1.37284 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which is often a bearish chart scenario. The currency pair could go down.

Next a ‘Northern Doji’ candlestick chart pattern is existing. The chart shows ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.37284 – 1.37071 – 1.37030 – 1.36676 – 1.36704 – 1.36692

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