USD/CAD – 30M – SELL

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

The bearish trend downwards to the next support at is expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 1.36999 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The currency pair could go down.

And also a ‘Three Outside Down’ candlestick chart pattern is found. The candles form ‘Three Outside Down’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

1.36999 – 1.3668 – 1.36925 – 1.36369 – 1.36319 – 1.36366 —
1.37037 – 1.36859 —
67.81841469921 – 45.026451579889 —
– —
1.36999 – 1771450200

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