USD/CAD – 1H – SELL

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

A descent down to the next support at 1.35545 will continue.

Caution: A possible trend reversal in the direction of the resistance level at 1.36048 could happen.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish signal. The pair is likely to go down.

And also a ‘RSI Hidden Bearish Divergence’ indicator signal is existing. The indicator shows ‘RSI Hidden Bearish Divergence’. which is often a bearish signal. The pair is likely to go down.

And also a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 1.3557086 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support level at 1.36048 could happen.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Three Outside Down’ candle chart pattern is existing. The candles show ‘Three Outside Down’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

1.36048 – 1.35854 – 1.36013 – 1.35545 – 1.35418 – 1.35252 —
1.36048 – 1.36040 —
53.266577578655 – 59.965919596321 —
1.36048 – 1773255600 —
– 1773255600

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