USD/CAD – 30M – SELL

The pair US Dollar/Canadian Dollar (USD/CAD) moves from the bullish trendline down.

A descent downwards to the next support line at 1.37899 is expected.

Caution: A possible reversal of the trend in the direction of resistance at 1.3952 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘%K cross below 0.8’ indicator signal is existing. The indicator is ‘%K cross below 0.8’. which could be a negative signal. The pair is likely to go down.

Next a ‘Three Black Crows’ candle chart pattern is found. The candles form ‘Three Black Crows’. this 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 chance of ‘Three Black Crows’ heading down is 82%.

1.38266 – 1.3825 – 1.3776 – 1.37899 – 1.37564 – 1.37512 —
1.38763 – 1.38796 —
67.365317473431 – 54.05532933432 —
– —
1.38266 – 1767780000

Trading Signals: FOREX – USD – USD/CAD – CAD – Three Black Crows – – – – – – – – –