USD/CAD – 30M – SELL

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

A continuation of the downward movement down to the next support level at 1.38547 is likely expected.

Caution: A possible trend reversal in the direction of the resistance zone at 1.38976 could occur.
Consider stop-loss settings accordingly.

Besides a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which could be a negative chart signal. The pair is likely to go down.

Besides a ‘Northern Doji’ chart pattern is detected. The chart forms ‘Northern Doji’. which is a bullish signal. 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).

1.38976 – 1.38979 – 1.38875 – 1.38547 – 1.3867 – 1.38678 —
1.38878 – 1.38919 —
49.550735210788 – 53.849105828996 —
– —
1.38976 – 1768363200

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