USD/CAD – 4H – SELL

The combination US Dollar/Canadian Dollar (USD/CAD) goes from the descending trendline down.

A continuation of the downward movement downwards to the next support line at 1.35561 is certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 1.39284 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘MACD crosses below signal’ indicator layout is existing. The indicator is ‘MACD crosses below signal’. which could be a negative chart scenario. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 1.36421 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.39284 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Three Black Crows’ candlestick pattern is detected. The chart shows ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

1.39284 – 1.39193 – 1.38054 – 1.38547 – 1.36421 – 1.37301 —
1.36894 – 1.37389 —
17.425564311574 – 35.325286900471 —
– —
1.39284 – 1768593600

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