USD/CAD – 1H – SELLThe currency pair US Dollar/Canadian Dollar (USD/CAD) jumps from the bullish trendline down.
A bearish movement downwards to the next support level at 1.37899 will continue.
Caution: A possible change in the direction of resistance at 1.38717 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘%K cross below 0.8’ indicator layout is detected. The indicator shows ‘%K cross below 0.8’. which is often a bearish chart signal. The currency pair could go down.
Then a ‘Identical 3 Crows’ candle chart pattern is discovered. The candles form ‘Identical 3 Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Identical 3 Crows’ going down is 79% (Bull Market) & 72% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.40142 |
| 2nd High | 1.3977 |
| Next High | 1.38717 |
| Current Price | 1.38598 |
| Next Low | 1.37899 |
| 2nd Low | 1.37512 |
| 3rd Low | 1.37448 |
1.3815 – 1.37277 – 1.37086 – 1.37899 – 1.37512 – 1.37448 —
1.38661 – 1.38816 —
69.608025399885 – 63.923135518944 —
– —
1.38150 – 1767625200
Trading Signals: FOREX – USD – USD/CAD – CAD – Identical 3 Crows – – – – – – – – –