The currency pair US Dollar/Canadian Dollar (USD/CAD) moves from the bearish trendline downwards
A continuation of the downward movement down to the next support at 1.34812 will continue.
Caution: A possible counter-trend in the direction of the resistance zone at 1.35453 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart signal. The currency pair is likely to fall.
Furthermore a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The currency pair is likely to fall.
Furthermore a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which could be a negative signal. The currency pair could go down.
Furthermore a ‘Two Crows’ candle pattern is discovered. The chart shows ‘Two Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.36076 |
| 2nd High | 1.35777 |
| Next High | 1.35453 |
| Current Price | 1.35368 |
| Next Low | 1.34812 |
| 2nd Low | |
| 3rd Low |
1.35453 – 1.35777 – 1.36076 – 1.34812 – 1.35091 – 1.35354 —
1.35203 – 1.35530 —
52.949710590526 – 64.057188580453 —
– —
1.35453 – 1769745600
Trading Signals: FOREX – USD – USD/CAD – CAD – Two Crows – – – – – – – – –