USD/CAD – 30M – SELL

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

A continuation of the downward movement down to the next support line at 1.3643 is likely expected.

Caution: A possible trend reversal in the direction of the resistance zone at 1.36765 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart signal. The pair is likely to go down.

And also a ‘MACD crosses below signal’ indicator layout is existing. The indicator shows ‘MACD crosses below signal’. which could be a negative chart signal. The pair is likely to go down.

And also a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 1.3646208 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support level at 1.36765 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Three Outside Down’ candle chart pattern is detected. The chart shows ‘Three Outside Down’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

1.36765 – 1.36634 – 1.37003 – 1.3643 – 1.36308 – 1.36345 —
1.36544 – 1.36691 —
48.801541633013 – 63.903166636587 —
– —
1.36765 – 1776801600

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