USD/CAD – 1H – SELL

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

A descending movement down to the next support level at is considered certain.

Caution: A possible change in the direction of the resistance line at 1.37139 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart signal. The currency pair is likely to fall.

Also there is a ‘Three Black Crows’ candle chart pattern is existing. The chart forms ‘Three Black Crows’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

1.37139 – 1.36791 – 1.36765 – 1.366 – 1.3643 – 1.36308 —
1.37084 – 1.36916 —
69.517631518698 – 47.47870638389 —
– —
1.37139 – 1776974400

Trading Signals: FOREX – USD – USD/CAD – CAD – Three Black Crows – – – – – – – – –