USD/CAD – 30M – SELL

Next a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The formation shows ‘Rising Wedge Chart Pattern’. which is a bearish signal. The pair is likely to go down.

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

A descent down to the next support level at 1.37826 is considered certain.

Caution: A possible trend reversal in the direction of resistance at 1.38057 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart signal. The pair is likely to go down.

Next a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The currency pair is likely to fall.

Next a ‘Three Outside Down’ candle pattern is existing. The chart forms ‘Three Outside Down’. which 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 probability of ‘Three Outside Down’ heading 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 – –