USD/CAD – 30M – SELL

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

A bearish movement downwards to the next support level at 1.40911 will continue.

Caution: A possible reversal of the trend in the direction of the resistance line at 1.41068 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair could go down.

Next a ‘Northern Doji’ candle chart pattern is existing. The chart shows ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.41043 – 1.41068 – 1.40649 – 1.40911 – 1.40889 – 1.40812 —
1.41144 – 1.41122 —
58.024883916442 – 48.13869898481 —
– —
1.41043 – 1763953200

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