USD/CAD – 1H – SELL

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

A continuation of the bearish trend downwards to the next support line at 1.36283 is considered certain.

Caution: A possible trend reversal in the direction of the resistance zone at 1.36856 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The pair is likely to go down.

Also there is a ‘Three Black Crows’ candle pattern is discovered. The chart shows ‘Three Black Crows’. 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 probability of ‘Three Black Crows’ heading down is 82%.

1.36856 – 1.37022 – 1.35777 – 1.36283 – 1.34929 – 1.34812 —
1.36872 – 1.36931 —
59.921651542541 – 55.645703751359 —
– —
1.36856 – 1770120000

Trading Signals: FOREX – USD – USD/CAD – CAD – Three Black Crows – Rising Wedge Chart Pattern – – – – – – – –