USD/CAD – 30M – SELL

The combination US Dollar/Canadian Dollar (USD/CAD) moves from the ascending trendline down.

The bearish trend down to the next support line at 1.41887 is likely expected.

Caution: A possible reversal of the trend in the direction of resistance at 1.42348 should always be considered.
Consider stop-loss settings accordingly.

In addition a ‘Resistance Level’ indicator layout 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 Black Crows’ chart pattern is existing. The chart forms ‘Three Black Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.

1.41973 – 1.42187 – 1.42241 – 1.41887 – 1.41591 – 1.41499 —
1.42215 – 1.42347 —
53.960036889529 – 54.635327682297 —
– —
1.41973 – 1783047600

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