USD/CAD – 30M – SELL

The combination US Dollar/Canadian Dollar (USD/CAD) goes from the descending trendline down.

A continuation of the bearish trend downwards to the next support at 1.36039 is likely expected.

Caution: A possible reversal of the trend in the direction of resistance at 1.36268 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Tweezers Top’ chart pattern is detected. The chart shows ‘Tweezers Top’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).

1.36268 – 1.36298 – 1.36191 – 1.36039 – 1.3601 – 1.3575 —
1.36168 – 1.36198 —
45.19534604553 – 53.051811796614 —
– —
1.36268 – 1777995000

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