USD/CAD – 1H – SELL

The combination US Dollar/Canadian Dollar (USD/CAD) moves from the bearish trendline down.

A continuation of the bearish trend down to the next support at 1.3902 is certain.

Caution: A possible trend reversal in the direction of the resistance line at 1.3949 is also possible.
Consider stop-loss settings accordingly.

Furthermore a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The pair is likely to go down.

Furthermore a ‘Two Crows’ candle chart pattern is detected. The chart forms ‘Two Crows’. 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 ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

1.3949 – 1.3933 – 1.39665 – 1.3902 – 1.38689 – 1.36696 —
1.39199 – 1.39289 —
42.857839553336 – 55.421843291016 —
– —
1.3949 – 1775235600

Trading Signals: FOREX – USD – USD/CAD – CAD – Two Crows – – – – – – – – –