USD/CAD – 1H – SELL

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

A continuation of the bearish trend downwards to the next support at is likely expected.

Caution: A possible counter-trend in the direction of the resistance level at 1.37181 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart signal. The currency pair is likely to fall.

Next a ‘Three Black Crows’ candlestick pattern is detected. The candles show ‘Three Black Crows’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

1.37181 – 1.36844 – 1.37122 – 1.36404 – 1.36247 – 1.36587 —
1.37153 – 1.36763 —
65.20165600876 – 49.298092794924 —
– —
1.37181 – 1772474400

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