USD/CAD – 4H – SELL

The pair US Dollar/Canadian Dollar (USD/CAD) jumps from the descending trendline downwards

A continuation of the downward movement downwards to the next support level at 1.36247 will continue.

Caution: A possible trend reversal in the direction of resistance at 1.37122 is within the realm of possibility.
Consider stop-loss settings accordingly.

Besides a ‘MACD crosses below signal’ indicator layout is found. The indicator is ‘MACD crosses below signal’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Besides a ‘StochOSC Hidden Bearish Divergence’ indicator layout is found. The indicator is ‘StochOSC Hidden Bearish Divergence’. this is usually a bearish chart scenario. The currency pair is likely to fall.

1.37122 – 1.37246 – 1.37145 – 1.36247 – 1.36482 – 1.35039 —
1.37112 – 1.36996 —
51.332932038107 – 52.920190864807 —
– —
1.37122 – 1772121600

Trading Signals: FOREX – USD – USD/CAD – CAD – – Symmetrical Triangle Chart Pattern – – – – – – – –