USD/CAD – 1H – SELL

The currency pair US Dollar/Canadian Dollar (USD/CAD) goes from the bearish trendline down.

A continuation of the downward movement down to the next support at 1.39314 will continue.

Caution: A possible reversal of the trend in the direction of resistance at 1.39707 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart signal. The currency pair could go down.

And also a ‘%K crosses below %D’ indicator layout is detected. The indicator shows ‘%K crosses below %D’. which could be a negative chart signal. The currency pair could go down.

And also a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.

1.39707 – 1.39623 – 1.39673 – 1.39314 – 1.39385 – 1.39406 —
45.413291399797 – 40.456103774792 —
65.049590340664 – 56.333963578466 – 63.654758350748 – 62.529162658529

Trading Signals: FOREX – USD – USD/CAD – CAD – – Head and Shoulder chart pattern – –