USD/CAD – 30M – SELL

The pair US Dollar/Canadian Dollar (USD/CAD) goes from the bearish trendline down.

A continuation of the downtrend downwards to the next support line at 1.35395 is considered certain.

Caution: A possible counter-trend in the direction of the resistance zone at 1.36068 could occur.
Consider stop-loss settings accordingly.

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The currency pair could go down.

Also there is a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which is often a bearish signal. The currency pair could go down.

Also there is a ‘Three Outside Down’ candle chart pattern is detected. The candles form ‘Three Outside Down’. 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 probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

1.36068 – 1.36502 – 1.36514 – 1.35395 – 1.35766 – 1.35659

Trading Signals: FOREX – USD – USD/CAD – CAD – Three Outside Down