USD/CAD – 30M – SELL

The pair US Dollar/Canadian Dollar (USD/CAD) goes from the descending trendline down.

A continuation of the bearish trend downwards to the next support line at 1.35418 will persist.

Caution: A possible counter-trend in the direction of the resistance line at 1.35854 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The pair is likely to go down.

Then a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which could be a negative chart signal. The currency pair is likely to fall.

Then a ‘Three Outside Down’ candle pattern is discovered. The chart shows ‘Three Outside Down’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

1.35854 – 1.36013 – 1.35809 – 1.35418 – 1.35599 – 1.35252 —
1.35785 – 1.35805 —
49.90146675159 – 52.165515934063 —
– —
1.35854 – 1773185400

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