USD/CAD – 1H – SELL

The currency pair US Dollar/Canadian Dollar (USD/CAD) jumps from the bullish trendline downwards

A bearish trend down to the next support at 1.36993 is certain.

Caution: A possible change in the direction of the resistance zone at 1.37525 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘MACD crosses below signal’ indicator signal is existing. The indicator is ‘MACD crosses below signal’. which is often a bearish signal. The currency pair is likely to fall.

There is also a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which is often a bearish signal. The pair is likely to go down.

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

1.37474 – 1.37479 – 1.37223 – 1.36993 – 1.37043 – 1.36875 —
1.37177 – 1.37543 —
48.170353206067 – 63.543974563309 —
– —
1.37474 – 1774029600

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