USD/CAD – 30M – SELL

The currency pair US Dollar/Canadian Dollar (USD/CAD) jumps from the bearish trendline downwards

A continuation of the downtrend down to the next support at 1.40675 will continue.

Caution: A possible counter-trend in the direction of resistance at 1.41047 should be noted.
Consider stop-loss settings accordingly.

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

Moreover a ‘Northern Doji’ candle chart pattern is existing. The candles form ‘Northern Doji’. which is a positive signal. The pair is likely to go up. 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).

1.41047 – 1.41246 – 1.41185 – 1.40675 – 1.40892 – 1.41026 —
1.40838 – 1.40992 —
50.624587667567 – 59.287513832406 —
– —
1.41047 – 1764122400

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