USD/CAD – 30M – SELL

The combination US Dollar/Canadian Dollar (USD/CAD) moves from the bearish trendline down.

A continuation of the downward movement down to the next support level at 1.37826 is expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 1.38575 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Northern Doji’ candlestick pattern is existing. The chart shows ‘Northern Doji’. this is a bullish pattern signal. The 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).

1.38057 – 1.37877 – 1.38575 – 1.37826 – 1.37877 – 1.37409 — 34.007058474767 – 29.825552786938 — 29.103819352562 – 31.970538943283 – 15.379583076064 – 24.931639763606

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