USD/CAD – 30M – SELL

And also a ‘Rising Wedge Chart Pattern’ chart layout is found. The chart forms ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The pair is likely to go down.

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

A descent down to the next support line at 1.40235 is expected.

Caution: A possible trend reversal in the direction of the resistance line at 1.4062 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. this is usually a bearish chart signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 1.40138 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support level at 1.4062 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Three Black Crows’ candle pattern is detected. The chart forms ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.

1.4062 – 1.40576 – 1.40387 – 1.40235 – 1.4014 – 1.40138 —
1.40426 – 1.40306 —
39.302346495356 – 30.12455783124 —
– —
1.40620 – 1763445600

Trading Signals: FOREX – USD – USD/CAD – CAD – Three Black Crows – Rising Wedge Chart Pattern – – – –