USD/CAD – 30M – SELL

The currency pair US Dollar/Canadian Dollar (USD/CAD) goes from the bullish trendline downwards

A bearish trend down to the next support line at 1.40283 is certain.

Caution: A possible change in the direction of the resistance line at 1.40495 could occur.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘MACD-Hist Hidden Bullish Divergence’ indicator signal is existing. The indicator shows ‘MACD-Hist Hidden Bullish Divergence’. In der Regel bedeutet das ein negatives chart signal. Das Paar wird voraussichtlich nach unten gehen.

In addition a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which could be a positive signal. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 1-Level.Continuation of the current ascending trend is certain. Current target is 1.40489082 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the resistance line at 1.40495 could occur.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Northern Doji’ chart pattern is existing. The chart shows ‘Northern Doji’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.40495 – 1.41006 – 1.41047 – 1.40283 – 1.40344 – 1.40675 —
1.40454 – 1.40335 —
53.004994447448 – 38.277902391942 —
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1.40495 – 1764244800

Trading Signals: FOREX – USD – USD/CAD – CAD – Northern Doji – Rising Wedge Chart Pattern – – – – – – – –