The combination US Dollar/Canadian Dollar (USD/CAD) moves from the ascending trendline downwards
A bearish movement downwards to the next support at is considered certain.
Caution: A possible trend reversal in the direction of the resistance line at 1.4062 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart signal. The currency pair is likely to fall.
There is also a ‘%K fall below 80’ indicator layout is detected. The indicator shows ‘%K fall below 80’. which is often a bearish chart signal. The currency pair is likely to fall.
There is also a ‘Three Black Crows’ chart pattern is detected. The candles form ‘Three Black Crows’. this is a bearish pattern 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’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.41396 |
| 2nd High | 1.41258 |
| Next High | 1.4062 |
| Current Price | 1.40303 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.4062 – 1.40576 – 1.40387 – 1.40235 – 1.4014 – 1.40138 —
1.40554 – 1.40385 —
59.040997124476 – 37.860845138923 —
– —
1.40620 – 1763445600
Trading Signals: FOREX – USD – USD/CAD – CAD – Three Black Crows – Symmetrical Triangle Chart Pattern – – – –