USD/CAD – 30M – SELL

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

A continuation of the downward movement down to the next support at 1.41356 will persist.

Caution: A possible trend reversal in the direction of the resistance level at 1.41712 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The pair is likely to go down.

And also a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. which is often a bearish chart signal. The currency pair is likely to fall.

And also a ‘Tweezers Top’ chart pattern is existing. The candles show ‘Tweezers Top’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).

1.41712 – 1.41894 – 1.41959 – 1.41356 – 1.41583 – 1.41525 —
1.41351 – 1.41576 —
30.249520277139 – 53.623041768858 —
– —
1.41712 – 1783692000

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