USD/CAD – 4H – SELL

The currency pair US Dollar/Canadian Dollar (USD/CAD) moves from the bearish trendline downwards

A continuation of the bearish trend down to the next support line at 1.34812 is expected.

Caution: A possible trend reversal in the direction of the resistance level at 1.37243 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 1.34812 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support line at 1.37243 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Three Black Crows’ candle pattern is detected. The chart shows ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

1.37243 – 1.37022 – 1.39284 – 1.36283 – 1.34812 – 1.38547 —
1.36943 – 1.36553 —
54.984213626653 – 37.053433489395 —
– —
1.37243 – 1770336000

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