USD/CAD – 1H – SELL

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

A continuation of the downtrend downwards to the next support line at 1.35418 is likely expected.

Caution: A possible trend reversal in the direction of resistance at 1.36013 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Three Black Crows’ candlestick chart pattern is existing. The chart forms ‘Three Black Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.

1.36013 – 1.36742 – 1.3716 – 1.35418 – 1.35252 – 1.36151 —
1.35811 – 1.35806 —
50.86359709817 – 47.262105698675 —
– —
1.36013 – 1773115200

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