USD/CAD – 1H – SELL

The pair US Dollar/Canadian Dollar (USD/CAD) goes from the descending trendline down.

A continuation of the bearish trend down to the next support at 1.38547 is considered certain.

Caution: A possible reversal of the trend in the direction of resistance at 1.38979 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘MACD crosses below signal’ indicator signal is existing. The indicator is ‘MACD crosses below signal’. which could be a negative chart scenario. The currency pair could go down.

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

1.38979 – 1.39193 – 1.38879 – 1.38547 – 1.38669 – 1.38504 —
1.38971 – 1.38964 —
60.394216162895 – 55.47949381242 —
– —
1.38979 – 1768330800

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