USD/CAD – 30M – SELL

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

A continuation of the downward movement down to the next support line at is likely expected.

Caution: A possible trend reversal in the direction of the resistance level at 1.40072 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The pair is likely to go down.

Additionally a ‘Southern Doji’ candlestick chart pattern is found. The chart shows ‘Southern 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 likelyhood of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

1.40072 – 1.39912 – 1.40495 – 1.39923 – 1.39543 – 1.3962 —
1.40095 – 1.40049 —
63.370533725185 – 50.220506144183 —
– —
1.40072 – 1764644400

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