USD/CAD – 30M – SELLThe combination US Dollar/Canadian Dollar (USD/CAD) jumps from the bullish trendline downwards
A descent down to the next support at will persist.
Caution: A possible change in the direction of the resistance zone at 1.38538 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The pair is likely to go down.
Additionally a ‘Three Black Crows’ candle chart pattern is found. The candles show ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.38675 |
| 2nd High | 1.38575 |
| Next High | 1.38538 |
| Current Price | 1.38155 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.38538 – 1.38057 – 1.37877 – 1.37583 – 1.37826 – 1.37877 — 37.903414699948 – 35.536767374056 — 0 – 0 – 0 – 0
Trading Signals: FOREX – USD – USD/CAD – CAD – Three Black Crows – Double top chart pattern – –