USD/CAD – 30M – SELL

The pair US Dollar/Canadian Dollar (USD/CAD) goes from the descending trendline downwards

A continuation of the downward movement downwards to the next support at 1.36491 is likely expected.

Caution: A possible trend reversal in the direction of the resistance level at 1.37378 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Two Crows’ candle chart pattern is found. The candles form ‘Two Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

1.37378 – 1.37879 – 1.37819 – 1.36491 – 1.3695 – 1.37128 —
1.36759 – 1.36945 —
45.346396328692 – 61.063231996562 —
– —
1.37378 – 1776346200

Trading Signals: FOREX – USD – USD/CAD – CAD – Two Crows – – – – – – – – –