USD/CAD – 1H – SELL

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

A continuation of the bearish trend down to the next support level at will persist.

Caution: A possible counter-trend in the direction of the resistance level at 1.37243 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish signal. The currency pair could go down.

Also there is a ‘Three Outside Down’ chart pattern is found. The candles show ‘Three Outside Down’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

1.37243 – 1.36996 – 1.36856 – 1.36241 – 1.36521 – 1.36283 —
1.36597 – 1.36637 —
42.500743691738 – 48.583480081127 —
– —
1.37243 – 1770343200

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