USD/CAD – 1H – SELL

Also there is a ‘Double bottom retreat down’ chart formation is detected. The chart forms ‘Double bottom retreat down’. which is a bearish signal. The currency pair is likely to go down.

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

A bearish movement down to the next support line at 1.38659 is likely expected.

Caution: A possible reversal of the trend in the direction of resistance at 1.39193 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘%K crosses below %D’ indicator layout is found. The indicator is ‘%K crosses below %D’. which could be a negative signal. The pair is likely to go down.

Also there is a ‘MACD crosses below signal’ indicator layout is found. The indicator is ‘MACD crosses below signal’. which could be a negative signal. The pair is likely to go down.

Also there is a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 1.39045554 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.39193 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

1.38979 – 1.39193 – 1.38879 – 1.38659 – 1.38547 – 1.38669 —
1.39013 – 1.39133 —
62.81891682604 – 67.504561297299 —
– —
1.38979 – 1768330800

Trading Signals: FOREX – USD – USD/CAD – CAD – – Double bottom retreat down – – – – – – – –