USD/CAD – 1H – SELL

The combination US Dollar/Canadian Dollar (USD/CAD) jumps from the bearish trendline downwards

A continuation of the downward movement down to the next support level at 1.41356 is likely expected.

Caution: A possible trend reversal in the direction of the resistance line at 1.41894 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The pair is likely to go down.

In addition a ‘MACD crosses below signal’ indicator signal is found. The indicator shows ‘MACD crosses below signal’. which is often a bearish signal. The pair is likely to go down.

In addition a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which could be a negative chart signal. The currency pair could go down.

In addition a ‘Three Black Crows’ candlestick pattern is discovered. The candles form ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

1.41894 – 1.41959 – 1.42084 – 1.41356 – 1.41525 – 1.41547 —
1.41480 – 1.41701 —
37.047891069811 – 49.723104820949 —
– —
1.41894 – 1783598400

Trading Signals: FOREX – USD – USD/CAD – CAD – Three Black Crows – Rising Wedge Chart Pattern – – – – – – – –