USD/CAD – 1H – SELLThe pair US Dollar/Canadian Dollar (USD/CAD) jumps from the bullish trendline downwards
A descent down to the next support at 1.37448 will persist.
Caution: A possible reversal of the trend in the direction of the resistance zone at 1.3815 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Three Black Crows’ candlestick pattern is discovered. The candles form ‘Three Black Crows’. 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 Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.38717 |
| 2nd High | 1.38225 |
| Next High | 1.3815 |
| Current Price | 1.37615 |
| Next Low | 1.37448 |
| 2nd Low | 1.37 |
| 3rd Low | 1.3688 |
1.3815 – 1.37277 – 1.37086 – 1.37448 – 1.37 – 1.3688 —
1.37645 – 1.37760 —
51.280631974019 – 55.606804493719 —
– —
1.38150 – 1767625200
Trading Signals: FOREX – USD – USD/CAD – CAD – Three Black Crows – – – – – – – – –