USD/CAD – 4H – SELL

The combination US Dollar/Canadian Dollar (USD/CAD) goes from the bullish trendline down.

The bearish trend down to the next support at 1.36308 will persist.

Caution: A possible change in the direction of resistance at 1.38775 is within the realm of possibility.
Consider stop-loss settings accordingly.

Additionally a ” indicator signal is existing. The indicator is ”. which is often a bearish chart signal. The currency pair is likely to fall.

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Additionally a ‘StochRSI %K falls below 0.8’ indicator signal is existing. The indicator is ‘StochRSI %K falls below 0.8’. which is often a bearish chart signal. The currency pair is likely to fall.

Additionally a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which is often a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 1.35252 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support level at 1.38775 is within the realm of possibility.
Consider stop-loss settings accordingly.

Additionally a ‘Three Black Crows’ candle chart pattern is found. The candles form ‘Three Black Crows’. 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 likelyhood of ‘Three Black Crows’ heading down is 82%.

1.38775 – 1.3949 – 1.39665 – 1.36308 – 1.38689 – 1.36696 —
1.37043 – 1.36697 —
57.114495621326 – 43.299665938756 —
– —
1.38775 – 1776038400

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