USD/CAD – 1H – SELL

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

The bearish trend down to the next support line at 1.40394 is certain.

Caution: A possible counter-trend in the direction of the resistance line at 1.41068 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘%K crosses below %D’ indicator layout is existing. The indicator is ‘%K crosses below %D’. which is often a bearish chart signal. The currency pair is likely to fall.

Moreover a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which is often a bearish signal. The currency pair could go down.

Moreover a ‘Three Outside Down’ chart pattern is detected. The candles form ‘Three Outside Down’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

1.41068 – 1.40649 – 1.4062 – 1.40394 – 1.3971 – 1.40138 —
1.41054 – 1.41273 —
52.928827281005 – 67.221404829907 —
– —
1.41068 – 1763665200

Trading Signals: FOREX – USD – USD/CAD – CAD – Three Outside Down – – – – – – – – –