USD/CAD – 30M – SELL

And also a ‘Rising Wedge Chart Pattern’ chart formation is found. The formation shows ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to fall.

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

A bearish trend downwards to the next support line at 1.37826 is considered certain.

Caution: A possible trend reversal in the direction of the resistance line at 1.38057 is also possible.
Consider stop-loss settings accordingly.

And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish signal. The currency pair could go down.

And also a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The pair is likely to go down.

And also a ‘Three Outside Down’ candlestick chart pattern is discovered. The candles show ‘Three Outside Down’. which is a negative pattern 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’ going down is 69% (Bull Market) & 70% (Bear Market).

1.38057 – 1.37877 – 1.38575 – 1.37826 – 1.37877 – 1.37409 — 33.978785038542 – 29.112172187599 — 47.342826531337 – 27.277811770332 – 40.240098601073 – 39.783429069672

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