USD/CAD – 30M – SELL

The currency pair US Dollar/Canadian Dollar (USD/CAD) jumps from the bullish trendline downwards

A bearish movement downwards to the next support at 1.38495 is certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 1.38921 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart scenario. The currency pair could go down.

Also there is a ‘Three Outside Down’ candle pattern is found. The candles form ‘Three Outside Down’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

Also there is a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which could be a negative chart scenario. The currency pair is likely to fall.

1.38921 – 1.38986 – 1.39045 – 1.38495 – 1.38581 – 1.38421

Download USD/CAD Signal Image

Trading Signals: FOREX – USD – USD/CAD – CAD – Three Outside Down