USD/CAD – 30M – SELL

The combination US Dollar/Canadian Dollar (USD/CAD) goes from the ascending trendline down.

A descent down to the next support line at 1.38659 is likely expected.

Caution: A possible counter-trend in the direction of the resistance level at 1.39075 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The currency pair could go down.

In addition a ‘Two Crows’ candlestick pattern is existing. The candles form ‘Two Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

1.39075 – 1.38964 – 1.38976 – 1.38659 – 1.38547 – 1.3867 —
1.39039 – 1.39194 —
52.788132624967 – 62.215940219484 —
– —
1.39075 – 1768473000

Trading Signals: FOREX – USD – USD/CAD – CAD – Two Crows – Inverse Head and Shoulder chart pattern – – – – – – – –