USD/CAD – 30M – SELL

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

A continuation of the bearish trend down to the next support line at will continue.

Caution: A possible reversal of the trend in the direction of the resistance level at 1.35453 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The currency pair could go down.

Next a ‘Two Crows’ candle chart pattern is found. The chart forms ‘Two Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

1.35453 – 1.35777 – 1.36076 – 1.34812 – 1.35091 – 1.35354 —
1.35270 – 1.35295 —
52.677385204244 – 57.49042834608 —
– —
1.35453 – 1769745600

Trading Signals: FOREX – USD – USD/CAD – CAD – Two Crows – – – – – – – – –