USD/CAD – 1H – SELL

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

A continuation of the downtrend downwards to the next support level at 1.40812 will persist.

Caution: A possible trend reversal in the direction of the resistance level at 1.41305 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘%K crosses below %D’ indicator signal is detected. The indicator is ‘%K crosses below %D’. which could be a negative chart scenario. The currency pair is likely to fall.

In addition a ‘Three Outside Down’ chart pattern is existing. The candles form ‘Three Outside Down’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

1.41305 – 1.41068 – 1.40649 – 1.40812 – 1.40394 – 1.3971 —
1.41033 – 1.41043 —
53.26142966302 – 54.117178360542 —
– —
1.41305 – 1763748000

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