USD/CAD – 1H – SELL

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

A continuation of the bearish trend down to the next support at 1.35971 will persist.

Caution: A possible change in the direction of the resistance level at 1.37142 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart scenario. The currency pair could go down.

Besides a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The currency pair could go down.

Besides a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The currency pair could go down.

Besides a ‘Tweezers Top’ candle pattern is detected. The candles show ‘Tweezers Top’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).

1.37142 – 1.37139 – 1.36791 – 1.35971 – 1.366 – 1.3643 —
1.36349 – 1.36740 —
48.938006974994 – 69.315951550026 —
– —
1.37142 – 1777010400

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