USD/CAD – 1H – SELLThe combination US Dollar/Canadian Dollar (USD/CAD) goes from the bullish trendline downwards
A descent downwards to the next support at is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 1.38418 is within the realm of possibility.
Consider stop-loss settings accordingly.
Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart scenario. The currency pair could go down.
Furthermore a ‘Southern Doji’ candle pattern is found. The candles show ‘Southern 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 likelyhood of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.38575 |
| 2nd High | 1.38538 |
| Next High | 1.38418 |
| Current Price | 1.37955 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.38418 – 1.38538 – 1.38575 – 1.37341 – 1.38258 – 1.38302 — 59.813425813289 – 59.54914525863 — 56.04119068905 – 46.917320618523 – 63.240179684999 – 54.362438329857
Trading Signals: FOREX – USD – USD/CAD – CAD – Southern Doji – – –