USD/CAD – 30M – SELL

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

A continuation of the bearish trend down to the next support at 1.39798 will persist.

Caution: A possible trend reversal in the direction of the resistance zone at 1.40024 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The pair is likely to go down.

In addition a ‘Three Outside Down’ candlestick pattern is detected. The chart shows ‘Three Outside Down’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

1.40024 – 1.40155 – 1.40181 – 1.39798 – 1.39502 – 1.39546 —
1.39982 – 1.40014 —
46.535492342319 – 58.45986737439 —
– —
1.40024 – 1781652600

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