USD/CAD – 30M – SELL

The pair US Dollar/Canadian Dollar (USD/CAD) moves from the bullish trendline down.

A bearish trend downwards to the next support level at 1.36424 is considered certain.

Caution: A possible change in the direction of the resistance zone at 1.37100 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Three Outside Down’ chart pattern is found. The chart forms ‘Three Outside Down’. 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 probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

1.37100 – 1.36646 – 1.36447 – 1.36424 – 1.36198 – 1.35777 —
1.37100 – 1.36849 —
73.474095590875 – 58.674691713797 —
1.37100 – 1778259600 —
– 1778259600

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