USD/CAD – 1H – SELLThe currency pair US Dollar/Canadian Dollar (USD/CAD) moves from the ascending trendline downwards
A descent downwards to the next support at 1.36031 is considered certain.
Caution: A possible counter-trend in the direction of resistance at 1.36734 is also possible.
Consider stop-loss settings accordingly.
Additionally a ‘MACD crosses below signal’ indicator layout is found. The indicator is ‘MACD crosses below signal’. which is often a bearish chart scenario. The currency pair is likely to fall.
Additionally a ‘Two Crows’ candlestick pattern is discovered. The chart shows ‘Two Crows’. which is a negative pattern signal. The 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.37389 |
| 2nd High | 1.37243 |
| Next High | 1.36734 |
| Current Price | 1.36436 |
| Next Low | 1.36031 |
| 2nd Low | 1.35931 |
| 3rd Low | 1.35551 |
1.36372 – 1.36355 – 1.36186 – 1.36031 – 1.35931 – 1.35551 —
1.36416 – 1.36528 —
63.112163532609 – 65.006575959084 —
– —
1.36372 – 1770973200
Trading Signals: FOREX – USD – USD/CAD – CAD – Two Crows – – – – – – – – –