USD/CAD – 30M – SELL

Also there is a ‘Double bottom retreat down’ chart pattern is discovered. The chart picture forms ‘Double bottom retreat down’. which is a negative signal. The pair is likely to go down.

The pair US Dollar/Canadian Dollar (USD/CAD) moves from the bullish trendline downwards

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

Caution: A possible counter-trend in the direction of the resistance zone at 1.38619 could happen.
Consider stop-loss settings accordingly.

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The pair is likely to go down.

Also there is a ‘Northern Doji’ chart pattern is detected. The chart forms ‘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).

1.38619 – 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 – –