USD/CAD – 1H – SELL

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

A continuation of the downtrend down to the next support at 1.40244 is certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 1.40495 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart signal. The currency pair could go down.

Additionally a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. this is usually a bearish signal. The currency pair could go down.

Additionally a ‘Three Outside Down’ candle pattern is existing. The chart shows ‘Three Outside Down’. 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 likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

1.40495 – 1.41006 – 1.41246 – 1.40244 – 1.40283 – 1.40812 —
1.40331 – 1.40489 —
44.030348144254 – 62.166642915324 —
– —
1.40495 – 1764244800

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