USD/CAD – 30M – SELL

The combination US Dollar/Canadian Dollar (USD/CAD) jumps from the descending trendline downwards

A continuation of the bearish trend downwards to the next support level at 1.36273 is expected.

Caution: A possible trend reversal in the direction of resistance at 1.37229 should be noted.
Consider stop-loss settings accordingly.

And also a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. this is usually a bearish signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 1.36858 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support line at 1.37229 should be noted.
Consider stop-loss settings accordingly.

And also a ‘Three Black Crows’ chart pattern is found. The chart forms ‘Three Black Crows’. 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 probability of ‘Three Black Crows’ heading down is 82%.

1.36506 – 1.37229 – 1.37543 – 1.36273 – 1.36173 – 1.37209

Trading Signals: FOREX – USD – USD/CAD – CAD – Three Black Crows – Inverse Head and Shoulder chart pattern