USD/CAD – 30M – SELLThe currency pair US Dollar/Canadian Dollar (USD/CAD) jumps from the bullish trendline down.
A descent downwards to the next support level at 1.41554 is likely expected.
Caution: A possible counter-trend in the direction of resistance at 1.41939 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Three Black Crows’ candle pattern is detected. The chart shows ‘Three Black 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 chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.41947 |
| Next High | 1.41939 |
| Current Price | 1.41725 |
| Next Low | 1.41554 |
| 2nd Low | 1.40930 |
| 3rd Low | 1.40156 |
Trading Signals: FOREX – USD – USD/CAD – CAD – Three Black Crows