USD/CAD – 30M – SELLThe pair US Dollar/Canadian Dollar (USD/CAD) moves from the bullish trendline down.
A bearish trend downwards to the next support level at 1.36424 is considered certain.
Caution: A possible change in the direction of the resistance zone at 1.37100 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Three Outside Down’ chart pattern is found. The chart forms ‘Three Outside Down’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.37100 |
| Current Price | 1.36803 |
| Next Low | 1.36424 |
| 2nd Low | 1.36198 |
| 3rd Low | 1.35777 |
1.37100 – 1.36646 – 1.36447 – 1.36424 – 1.36198 – 1.35777 —
1.37100 – 1.36849 —
73.474095590875 – 58.674691713797 —
1.37100 – 1778259600 —
– 1778259600
Trading Signals: FOREX – USD – USD/CAD – CAD – Three Outside Down – – – – – – – – –