USD/CAD – 30M – SELL

The combination US Dollar/Canadian Dollar (USD/CAD) moves from the ascending trendline down.

A bearish trend downwards to the next support level at 1.41026 is considered certain.

Caution: A possible counter-trend in the direction of resistance at 1.41185 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which could be a negative chart signal. The pair is likely to go down.

There is also a ‘Three Outside Down’ candle pattern is discovered. The chart shows ‘Three Outside Down’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

1.41185 – 1.41043 – 1.41068 – 1.41026 – 1.40911 – 1.40889 —
1.41121 – 1.41236 —
55.641420706705 – 64.018408741754 —
– —
1.41185 – 1764012600

Trading Signals: FOREX – USD – USD/CAD – CAD – Three Outside Down – Double bottom chart pattern – – – – – – – –