USD/CAD – 4H – SELL

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

A continuation of the downtrend down to the next support at 1.35777 is certain.

Caution: A possible change in the direction of resistance at 1.37104 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The currency pair is likely to fall.

Moreover a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The currency pair is likely to fall.

Moreover a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which could be a negative signal. The currency pair is likely to fall.

Moreover a ‘Two Crows’ candlestick pattern is discovered. The chart forms ‘Two Crows’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

1.37104 – 1.37142 – 1.38775 – 1.35777 – 1.35499 – 1.35971 —
1.36432 – 1.36928 —
52.019011105796 – 69.421256360252 —
– —
1.37104 – 1777478400

Trading Signals: FOREX – USD – USD/CAD – CAD – Two Crows – – – – – – – – –