USD/CAD – 30M – SELL

Next a ‘Double bottom chart pattern’ chart formation is found. The formation shows ‘Double bottom chart pattern’. this is a bullish pattern signal. The currency pair is likely to rise.

The combination US Dollar/Canadian Dollar (USD/CAD) goes from the ascending trendline downwards

A bearish trend down to the next support level at 1.36704 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 1.37071 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The pair is likely to go down.

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

1.37071 – 1.37030 – 1.37041 – 1.36704 – 1.36692 – 1.36766

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