Sell USD/CAD – 1H – SELL

The currency pair jumps from the ascending trendline down.

A bearish trend down to the next support line at 1.38418 is certain.

Caution: A possible trend reversal in the direction of the resistance line at 1.39583 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Three Black Crows’ candlestick chart pattern is found. The chart shows ‘Three Black Crows’. 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 probability of ‘Three Black Crows’ going down is 82%.

Support & Resistance Price Range*
3rd High
2nd High 1.39585
Next High 1.39583
Current Price 1.39256
Next Low 1.38418
2nd Low 1.38182
3rd Low 1.38122

Download USD/CAD Signal Image

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