USD/CAD – 1H – SELL

The pair US Dollar/Canadian Dollar (USD/CAD) jumps from the bullish trendline down.

A bearish movement downwards to the next support level at 1.40812 is likely expected.

Caution: A possible counter-trend in the direction of resistance at 1.41185 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘%K crosses below %D’ indicator layout is found. The indicator shows ‘%K crosses below %D’. this is usually a bearish chart signal. The pair is likely to go down.

In addition a ‘Northern Doji’ candle pattern is discovered. The chart shows ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.41185 – 1.41305 – 1.41068 – 1.40812 – 1.40394 – 1.3971 —
1.41063 – 1.41207 —
51.420132283454 – 60.955202381299 —
– —
1.41185 – 1764010800

Trading Signals: FOREX – USD – USD/CAD – CAD – Northern Doji – Double bottom chart pattern – – – – – – – –