USD/CAD – 1H – SELL

The combination US Dollar/Canadian Dollar (USD/CAD) moves from the descending trendline downwards

A continuation of the downward movement down to the next support line at 1.36521 is expected.

Caution: A possible reversal of the trend in the direction of resistance at 1.37389 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Three Black Crows’ candle chart pattern is existing. The candles form ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

1.36996 – 1.36856 – 1.37022 – 1.36521 – 1.36283 – 1.34929 —
1.37096 – 1.37020 —
64.24934486377 – 53.656238889916 —
– —
1.36996 – 1770292800

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