The currency pair US Dollar/Canadian Dollar (USD/CAD) jumps from the bearish trendline down.
A continuation of the bearish trend down to the next support line at 1.35229 is likely expected.
Caution: A possible counter-trend in the direction of resistance at 1.35761 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The currency pair is likely to fall.
Then a ‘StochRSI Hidden Bearish Divergence’ indicator signal is discovered. The indicator is ‘StochRSI Hidden Bearish Divergence’. this is usually a bearish chart scenario. The currency pair is likely to fall.
Then a ‘StochOSC Hidden Bearish Divergence’ indicator signal is discovered. The indicator is ‘StochOSC Hidden Bearish Divergence’. this is usually a bearish chart scenario. The currency pair is likely to fall.
Then a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which could be a negative signal. The currency pair is likely to fall.
Then a ‘Three Black Crows’ candle chart pattern is discovered. The candles form ‘Three Black Crows’. which is a bearish pattern 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%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.37243 |
| 2nd High | 1.36734 |
| Next High | 1.35761 |
| Current Price | 1.35474 |
| Next Low | 1.35229 |
| 2nd Low | 1.34929 |
| 3rd Low | 1.34812 |
1.35761 – 1.35679 – 1.36734 – 1.35229 – 1.3548 – 1.35524 —
1.35439 – 1.35577 —
44.400134101065 – 51.790615283832 —
– —
1.35761 – 1770733800
Trading Signals: FOREX – USD – USD/CAD – CAD – Three Black Crows – – – – – – – – –