Sell USD/CAD – 1H – SELL

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 1.43641668 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of support at 1.44326 could be enabled.
Consider stop-loss settings accordingly.

Besides a ‘Three Black Crows’ chart pattern is found. The chart shows ‘Three Black Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.

Support & Resistance Price Range*
3rd High 1.44669
2nd High 1.44492
Next High 1.44326
Current Price 1.43820
Next Low 1.43379
2nd Low 1.43349
3rd Low 1.43043

Download USD/CAD Signal Image

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