USD/CAD – 30M – SELL

The pair US Dollar/Canadian Dollar (USD/CAD) moves from the bearish trendline downwards

A continuation of the bearish trend downwards to the next support line at 1.35563 will persist.

Caution: A possible change in the direction of the resistance level at 1.36183 could happen.
Consider stop-loss settings accordingly.

In addition a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which could be a negative signal. The pair is likely to go down.

In addition a ‘Three Outside Down’ candlestick chart pattern is existing. The chart forms ‘Three Outside Down’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

1.36183 – 1.36823 – 1.37590 – 1.35997 – 1.36532 – 1.36273

Trading Signals: FOREX – USD – USD/CAD – CAD – Three Outside Down –