USD/CAD – 30M – SELL

The combination US Dollar/Canadian Dollar (USD/CAD) goes from the ascending trendline downwards

The bearish trend downwards to the next support line at 1.36617 will persist.

Caution: A possible change in the direction of the resistance line at 1.37063 could happen.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The pair is likely to go down.

And also a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. this is usually a bearish chart signal. 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 will persist. Target of the current trend is 1.36617 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support level at 1.37063 could happen.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Three Outside Down’ candle chart pattern is discovered. The chart forms ‘Three Outside Down’. which is a negative 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 Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

1.37063 – 1.37246 – 1.37172 – 1.36744 – 1.36739 – 1.36958 —
1.36812 – 1.36766 —
45.497878914854 – 42.287241222682 —
– —
1.37063 – 1772026200

Trading Signals: FOREX – USD – USD/CAD – CAD – Three Outside Down – – – – – – – – –