USD/CAD – 1H – SELL

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

A bearish descent down to the next support line at 1.36872 is certain.

Caution: A possible change in the direction of the resistance zone at 1.37462 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 1.364285 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support zone at 1.37462 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Three Black Crows’ candlestick pattern is found. The chart shows ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.

1.37462 – 1.36931 – 1.36068 – 1.36872 – 1.36341 – 1.35563

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