USD/CAD – 30M – SELL

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

A bearish descent down to the next support level at 1.38846 will persist.

Caution: A possible trend reversal in the direction of the resistance line at 1.39194 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart signal. The currency pair could go down.

Moreover a ‘MACD crosses below signal’ indicator layout is detected. The indicator shows ‘MACD crosses below signal’. which is often a bearish chart signal. The currency pair could go down.

Moreover a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.

Moreover a ‘Three Outside Down’ candlestick pattern is detected. The chart forms ‘Three Outside Down’. which 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 Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

1.39194 – 1.39075 – 1.38964 – 1.38846 – 1.38659 – 1.38547 —
1.38915 – 1.38960 —
42.645462082468 – 50.81768810393 —
– —
1.39194 – 1768494600

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