USD/CAD – 1H – SELL

Besides a ‘StochRSI %K falls below 0.8’ indicator signal is discovered. The indicator shows ‘StochRSI %K falls below 0.8’. this is usually a bearish chart signal. The currency pair could go down.

Besides a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. which could be a negative chart signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 1.36308 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support level at 1.37142 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Three Black Crows’ candle pattern is found. The chart forms ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

1.37142 – 1.37139 – 1.36791 – 1.366 – 1.3643 – 1.36308 —
1.36781 – 1.36650 —
47.444654262151 – 33.75513569026 —
– —
1.37142 – 1777010400

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