USD/CAD – 4H – SELL

Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart signal. The currency pair is likely to fall.

Next a ‘%K crosses below %D’ indicator layout is detected. The indicator is ‘%K crosses below %D’. which is often a bearish chart signal. The currency pair is likely to fall.

Next a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which could be a negative signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Target of the current trend is 1.401385 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support zone at 1.41305 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Three Outside Down’ candlestick pattern is detected. 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’ heading down is 69% (Bull Market) & 70% (Bear Market).

1.41305 – 1.4062 – 1.41401 – 1.3971 – 1.39849 – 1.40007 —
1.41236 – 1.40992 —
64.179037553815 – 54.076123431044 —
– —
1.41305 – 1763740800

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