USD/CAD – 1H – SELL

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

A continuation of the bearish trend down to the next support level at 1.37815 will continue.

Caution: A possible reversal of the trend in the direction of the resistance line at 1.38445 could be enabled.
Consider stop-loss settings accordingly.

There is also a ‘Three Black Crows’ candlestick pattern is found. The chart forms ‘Three Black Crows’. which is a negative 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%.

1.38445 – 1.38426 – 1.38426 – 1.37815 – 1.37852 – 1.38141 —
1.37904 – 1.37529 —
38.178067910085 – 20.305859631668 —
– —
1.38445 – 1769047200

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