USD/CAD – 30M – SELL

In addition a ‘Double bottom retreat down’ chart formation is existing. The chart shows ‘Double bottom retreat down’. which is a bearish signal. The currency pair is likely to go down.

The currency pair US Dollar/Canadian Dollar (USD/CAD) goes from the ascending trendline downwards

The bearish trend downwards to the next support line at is expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 1.38619 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The currency pair could go down.

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

1.38619 – 1.38595 – 1.3811 – 1.38302 – 1.37879 – 1.37583 — 42.469548950406 – 34.310868396729 — 6.4115432873275 – 6.4115432873275 – 24.27372510732 – 15.342634197324

Trading Signals: FOREX – USD – USD/CAD – CAD – Northern Doji – Double bottom retreat down – –