USD/CAD – 30M – SELLThe pair US Dollar/Canadian Dollar (USD/CAD) jumps from the bullish trendline down.
A bearish descent downwards to the next support level at 1.37043 is certain.
Caution: A possible change in the direction of the resistance line at 1.37413 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Three Black Crows’ candle pattern is detected. The candles form ‘Three Black Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.37993 |
| 2nd High | 1.37525 |
| Next High | 1.37413 |
| Current Price | 1.37006 |
| Next Low | 1.37043 |
| 2nd Low | 1.36206 |
| 3rd Low | 1.35762 |
1.37413 – 1.36459 – 1.36337 – 1.37043 – 1.36206 – 1.35762 —
1.37121 – 1.37195 —
52.429898419287 – 51.515844823526 —
– —
1.37413 – 1773428400
Trading Signals: FOREX – USD – USD/CAD – CAD – Three Black Crows – – – – – – – – –