USD/CAD – 4H – SELL

The combination US Dollar/Canadian Dollar (USD/CAD) moves from the ascending trendline downwards

A bearish descent downwards to the next support line at 1.35252 is expected.

Caution: A possible trend reversal in the direction of the resistance level at 1.37525 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. this is usually a bearish signal. The currency pair is likely to fall.

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

1.3716 – 1.37525 – 1.37122 – 1.35252 – 1.36247 – 1.36482 —
1.36459 – 1.37165 —
56.602032359124 – 67.609305131814 —
– —
1.3716 – 1772726400

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