USD/CAD – 30M – SELLThe pair US Dollar/Canadian Dollar (USD/CAD) goes from the bearish trendline down.
A continuation of the downtrend downwards to the next support line at 1.35921 is certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 1.36514 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which could be a negative chart scenario. The pair is likely to go down.
Besides a ‘Northern Doji’ candlestick pattern is existing. The chart shows ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.36900 |
| 2nd High | 1.36749 |
| Next High | 1.36514 |
| Current Price | 1.36335 |
| Next Low | 1.35921 |
| 2nd Low | |
| 3rd Low |
1.36514 – 1.36749 – 1.36743 – 1.35921 – 1.35995 – 1.36496
Trading Signals: FOREX – USD – USD/CAD – CAD – Northern Doji