USD/CAD – 30M – SELL

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

A continuation of the downtrend down to the next support level at 1.36491 is certain.

Caution: A possible reversal of the trend in the direction of resistance at 1.37378 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Two Crows’ candle pattern is detected. The candles form ‘Two Crows’. which is a negative pattern signal. The pair is likely to go down. 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).

1.37378 – 1.37879 – 1.37819 – 1.36491 – 1.3695 – 1.37128 —
1.36759 – 1.36945 —
45.346396328692 – 61.063231996562 —
– —
1.37378 – 1776346200

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