USD/CAD – 1H – SELL

Then a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to go down.

The pair US Dollar/Canadian Dollar (USD/CAD) jumps from the ascending trendline downwards

The bearish trend down to the next support line at 1.36273 will continue.

Caution: A possible change in the direction of resistance at 1.37590 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart signal. The pair is likely to go down.

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

Then a ‘Three Outside Down’ candle pattern is discovered. The chart forms ‘Three Outside Down’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

1.37590 – 1.37543 – 1.37977 – 1.36273 – 1.36173 – 1.36782

Trading Signals: FOREX – USD – USD/CAD – CAD – Three Outside Down – Rising Wedge Chart Pattern