USD/CAD – 1H – SELL

The pair US Dollar/Canadian Dollar (USD/CAD) moves from the ascending trendline downwards

A bearish descent downwards to the next support line at 1.36369 is expected.

Caution: A possible trend reversal in the direction of the resistance level at 1.36925 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The currency pair is likely to fall.

In addition a ‘Bearish Engulfing’ candle pattern is existing. The chart forms ‘Bearish Engulfing’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.

1.36925 – 1.36372 – 1.36355 – 1.36369 – 1.36319 – 1.36031 —
1.37021 – 1.37062 —
55.239000939953 – 52.55072424812 —
– —
1.36925 – 1771347600

Trading Signals: FOREX – USD – USD/CAD – CAD – Bearish Engulfing – – – – – – – – –