USD/CAD – 4H – SELL

The currency pair US Dollar/Canadian Dollar (USD/CAD) goes from the bullish trendline down.

A bearish trend down to the next support line at 1.36482 is expected.

Caution: A possible change in the direction of the resistance zone at 1.37122 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Also there is a ‘Bearish Engulfing’ candlestick chart pattern is detected. The candles show ‘Bearish Engulfing’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.

1.37122 – 1.37246 – 1.37145 – 1.36482 – 1.35039 – 1.36283 —
1.36773 – 1.36850 —
45.621443806356 – 53.75362887694 —
– —
1.37122 – 1772121600

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