USD/CAD – 4H – SELL

The pair US Dollar/Canadian Dollar (USD/CAD) goes from the bullish trendline down.

A descending movement down to the next support level at 1.38989 is likely expected.

Caution: A possible counter-trend in the direction of the resistance level at 1.40142 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The currency pair could go down.

Moreover a ‘MACD crosses below signal’ indicator layout is detected. The indicator is ‘MACD crosses below signal’. which could be a negative chart scenario. The currency pair could go down.

Moreover a ‘Collapsing Doji Star’ chart pattern is discovered. The chart shows ‘Collapsing Doji Star’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Collapsing Doji Star’ heading down is 63% (Bull Market).

1.3969 – 1.38696 – 1.38237 – 1.38989 – 1.38659 – 1.377 —
1.39405 – 1.39956 —
54.263721868075 – 60.502801849263 —
– —
1.3969 – 1781020800

Trading Signals: FOREX – USD – USD/CAD – CAD – Collapsing Doji Star – – – – – – – – –