USD/CAD – 1H – SELL

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

A continuation of the downtrend downwards to the next support at 1.35551 is considered certain.

Caution: A possible trend reversal in the direction of the resistance zone at 1.36742 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Southern Doji’ candlestick chart pattern is discovered. The chart forms ‘Southern Doji’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

1.36742 – 1.3716 – 1.37525 – 1.36151 – 1.36265 – 1.36529 —
1.35890 – 1.35691 —
22.919807172581 – 30.508397112006 —
– —
1.36742 – 1772812800

Trading Signals: FOREX – USD – USD/CAD – CAD – Southern Doji – – – – – – – – –