USD/CAD – 30M – SELL

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

A continuation of the downtrend down to the next support at is likely expected.

Caution: A possible change in the direction of resistance at 1.38574 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The currency pair could go down.

Besides a ‘%K crosses below %D’ indicator signal is detected. The indicator is ‘%K crosses below %D’. which could be a negative chart scenario. The currency pair could go down.

Besides a ‘Three Outside Down’ candle chart pattern is detected. The chart forms ‘Three Outside Down’. which is a bearish pattern signal. The 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).

1.38574 – 1.38594 – 1.38288 – 1.37994 – 1.38134 – 1.39251 —
1.38543 – 1.38495 —
40.351842337873 – 51.635775591174 —
– —
1.38574 – 1765276200

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