USD/CAD – 30M – SELL

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

A bearish descent downwards to the next support line at 1.36056 is expected.

Caution: A possible trend reversal in the direction of the resistance line at 1.36355 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘MACD crosses below signal’ indicator signal is discovered. The indicator shows ‘MACD crosses below signal’. which is often a bearish chart signal. The pair is likely to go down.

Moreover a ‘Three Black Crows’ candlestick pattern is existing. The chart shows ‘Three Black Crows’. which is a bearish signal. The 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%.

1.36355 – 1.35963 – 1.36186 – 1.36056 – 1.35551 – 1.35647 —
1.36172 – 1.36372 —
61.519738187687 – 70.810841633105 —
– —
1.36355 – 1770919200

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