USD/CAD – 1H – SELL

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

A descending movement down to the next support line at 1.34929 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 1.36734 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘StochRSI Hidden Bearish Divergence’ indicator signal is found. The indicator shows ‘StochRSI Hidden Bearish Divergence’. signal.

Moreover a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which could be a negative chart signal. The currency pair could go down.

Moreover a ‘Three Black Crows’ candle pattern is existing. The chart forms ‘Three Black Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

1.36734 – 1.37243 – 1.36996 – 1.3548 – 1.36241 – 1.36521 —
1.35614 – 1.35731 —
27.457153236906 – 31.60277068846 —
– —
1.36734 – 1770598800

Trading Signals: FOREX – USD – USD/CAD – CAD – Three Black Crows – – – – – – – – –