USD/CAD – 1H – SELLThe combination US Dollar/Canadian Dollar (USD/CAD) jumps from the bearish trendline downwards
A continuation of the downtrend downwards to the next support level at 1.43744 is likely expected.
Caution: A possible change in the direction of the resistance line at 1.44202 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Three Black Crows’ candle pattern is existing. The candles form ‘Three Black Crows’. this is a bearish 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 Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.44352 |
| 2nd High | 1.44329 |
| Next High | 1.44202 |
| Current Price | 1.43992 |
| Next Low | 1.43744 |
| 2nd Low | 1.43462 |
| 3rd Low | 1.43349 |
Trading Signals: FOREX – USD – USD/CAD – CAD – Three Black Crows