USD/CAD – 30M – SELL

The currency pair US Dollar/Canadian Dollar (USD/CAD) jumps from the bearish trendline down.

A continuation of the bearish trend downwards to the next support line at 1.38547 is expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 1.38976 is also possible.
Consider stop-loss settings accordingly.

There is also a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.

There is also a ‘Three Outside Down’ chart pattern is existing. The chart shows ‘Three Outside Down’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

1.38976 – 1.38979 – 1.38875 – 1.38547 – 1.3867 – 1.38678 —
1.38873 – 1.38957 —
47.962313452855 – 55.341669924267 —
– —
1.38976 – 1768363200

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