USD/CAD – 30M – SELL

The currency pair US Dollar/Canadian Dollar (USD/CAD) moves from the ascending trendline down.

A descending movement down to the next support line at 1.36273 is likely expected.

Caution: A possible trend reversal in the direction of the resistance zone at 1.37590 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart signal. The pair is likely to go down.

Also there is a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which is often a bearish chart scenario. The pair is likely to go down.

Also there is a ‘Two Crows’ candle chart pattern is existing. The chart forms ‘Two Crows’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

1.37590 – 1.36506 – 1.37229 – 1.36273 – 1.36173 – 1.37209

Trading Signals: FOREX – USD – USD/CAD – CAD – Two Crows –