USD/CAD – 1H – SELL

Also there is a ‘Rising Wedge Chart Pattern’ chart pattern is found. The chart forms ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The pair is likely to go down.

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

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

Caution: A possible counter-trend in the direction of the resistance level at 1.37590 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish signal. The currency pair is likely to fall.

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

Also there is a ‘Three Outside Down’ candle pattern is detected. The candles show ‘Three Outside Down’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading 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