Sell USD/CAD – 1H – SELL

The pair US Dollar/Canadian Dollar (USD/CAD) goes from the bearish trendline downwards

A continuation of the bearish trend downwards to the next support level at 1.37927 will persist.

Caution: A possible reversal of the trend in the direction of resistance at 1.38613 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Two Crows’ candlestick pattern is detected. The chart shows ‘Two Crows’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

In addition a ‘Double top chart pattern’ chart formation is discovered. The chart picture shows ‘Double top chart pattern’. which is a negative signal. The currency pair is likely to fall.

Support & Resistance Price Range*
3rd High 1.39058
2nd High 1.38689
Next High 1.38613
Current Price 1.38045
Next Low 1.37927
2nd Low 1.37806
3rd Low

1.38613 – 1.38492 – 1.38689 – 1.37927 – 1.37806 – 1.38278

Download USD/CAD Signal Image

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