USD/CAD – 30M – SELL

The combination US Dollar/Canadian Dollar (USD/CAD) goes from the descending trendline downwards

A continuation of the downward movement downwards to the next support line at 1.36247 is likely expected.

Caution: A possible trend reversal in the direction of resistance at 1.36844 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The currency pair could go down.

Additionally a ‘Tweezers Top’ candlestick pattern is existing. The chart forms ‘Tweezers Top’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).

1.36844 – 1.37122 – 1.37063 – 1.36247 – 1.36619 – 1.36587 —
1.36333 – 1.36514 —
27.329297821203 – 49.901446858706 —
– —
1.36844 – 1772206200

Trading Signals: FOREX – USD – USD/CAD – CAD – Tweezers Top – – – – – – – – –