USD/CAD – 1H – SELL

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

A continuation of the downward movement down to the next support line at 1.37852 is certain.

Caution: A possible trend reversal in the direction of the resistance level at 1.38426 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Northern Doji’ candlestick chart pattern is discovered. The candles show ‘Northern Doji’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.38426 – 1.38426 – 1.39284 – 1.37852 – 1.38141 – 1.38593 —
1.38270 – 1.38313 —
47.468350656212 – 49.08474632334 —
– —
1.38426 – 1768993200

Trading Signals: FOREX – USD – USD/CAD – CAD – Northern Doji – Double top chart pattern – – – – – – – –