USD/CAD – 30M – SELL

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

A bearish trend down to the next support level at 1.40911 will persist.

Caution: A possible trend reversal in the direction of the resistance level at 1.41068 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘%K crosses below %D’ indicator layout is detected. The indicator is ‘%K crosses below %D’. this is usually a bearish chart scenario. The pair is likely to go down.

Next a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend will persist. Current target is 1.41007584 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of support at 1.41068 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Two Crows’ candle chart pattern is detected. The candles form ‘Two Crows’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

1.41043 – 1.41068 – 1.40649 – 1.40911 – 1.40889 – 1.40812 —
1.41179 – 1.41103 —
61.538284980341 – 53.932203387286 —
– —
1.41043 – 1763953200

Trading Signals: FOREX – USD – USD/CAD – CAD – Two Crows – – – – – – – – –