USD/CAD – 4H – SELL

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

A continuation of the downtrend down to the next support at 1.35252 will continue.

Caution: A possible counter-trend in the direction of the resistance zone at 1.37142 could happen.
Consider stop-loss settings accordingly.

Then a ‘StochRSI %K falls below 0.8’ indicator layout is existing. The indicator is ‘StochRSI %K falls below 0.8’. this is usually a bearish chart scenario. The pair is likely to go down.

Then a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. which could be a negative signal. The currency pair could go down.

Then a ‘Dark Cloud Cover’ candlestick pattern is existing. The chart shows ‘Dark Cloud Cover’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Dark Cloud Cover’ going down is 60% (Bull Market) & 63% (Bear Market).

1.37142 – 1.38775 – 1.3949 – 1.35971 – 1.36308 – 1.38689 —
1.36929 – 1.36711 —
53.969266531647 – 32.673232999695 —
– —
1.37142 – 1777003200

Trading Signals: FOREX – USD – USD/CAD – CAD – Dark Cloud Cover – – – – – – – – –