USD/CAD – 1H – SELL

The combination US Dollar/Canadian Dollar (USD/CAD) moves from the descending trendline downwards

A continuation of the downward movement down to the next support at 1.38141 is likely expected.

Caution: A possible reversal of the trend in the direction of resistance at 1.38426 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘%K crosses below %D’ indicator signal is discovered. The indicator is ‘%K crosses below %D’. which could be a negative signal. The currency pair could go down.

There is also a ‘RSI Hidden Bearish Divergence’ indicator signal is discovered. The indicator is ‘RSI Hidden Bearish Divergence’. which could be a negative signal. The currency pair could go down.

There is also a ‘MACD-Hist Hidden Bearish Divergence’ indicator signal is discovered. The indicator is ‘MACD-Hist Hidden Bearish Divergence’. which could be a negative signal. The currency pair could go down.

There is also a ‘Three Inside Down’ chart pattern is discovered. The candles show ‘Three Inside Down’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).

1.38426 – 1.39284 – 1.39194 – 1.38141 – 1.38593 – 1.38842 —
1.38426 – 1.38401 —
42.960412478585 – 48.128308560346 —
1.38426 – 1768950000 —
– 1768950000

Trading Signals: FOREX – USD – USD/CAD – CAD – Three Inside Down – Double top retreat up – – – – – – – –