USD/CAD – 30M – SELLThe combination US Dollar/Canadian Dollar (USD/CAD) jumps from the bullish trendline downwards
A descent downwards to the next support level at 1.37253 is expected.
Caution: A possible trend reversal in the direction of the resistance level at 1.37613 should always be considered.
Consider stop-loss settings accordingly.
And also a ‘Southern Doji’ candlestick pattern is existing. The candles show ‘Southern Doji’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.38329 |
| 2nd High | 1.37993 |
| Next High | 1.37613 |
| Current Price | 1.37698 |
| Next Low | 1.37253 |
| 2nd Low | 1.36696 |
| 3rd Low | 1.36527 |
1.37613 – 1.37352 – 1.37543 – 1.37253 – 1.36696 – 1.37004 —
1.37460 – 1.37850 —
46.242267032794 – 66.969382147928 —
– —
1.37613 – 1774344600
Trading Signals: FOREX – USD – USD/CAD – CAD – Southern Doji – – – – – – – – –