USD/CAD – 30M – SELLThe combination US Dollar/Canadian Dollar (USD/CAD) moves from the bullish trendline down.
A descent down to the next support at 1.38842 will continue.
Caution: A possible reversal of the trend in the direction of resistance at 1.39284 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart signal. The currency pair could go down.
And also a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.
And also a ‘Southern Doji’ candle pattern is detected. The chart shows ‘Southern Doji’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.39604 |
| 2nd High | 1.3952 |
| Next High | 1.39284 |
| Current Price | 1.38933 |
| Next Low | 1.38842 |
| 2nd Low | 1.38659 |
| 3rd Low | 1.38547 |
1.39284 – 1.38971 – 1.39194 – 1.38842 – 1.38842 – 1.38846 —
1.39173 – 1.39074 —
58.705287524424 – 38.034054080372 —
– —
1.39284 – 1768593600
Trading Signals: FOREX – USD – USD/CAD – CAD – Southern Doji – Double bottom retreat down – – – – – – – –