USD/CAD – 30M – SELL

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

The bearish trend downwards to the next support line at 1.35545 is certain.

Caution: A possible change in the direction of the resistance line at 1.35854 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart signal. The pair is likely to go down.

Then a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 1.356575 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 1.35854 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Three Black Crows’ chart pattern is detected. The chart forms ‘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’ heading down is 82%.

1.35854 – 1.36013 – 1.35809 – 1.35545 – 1.35418 – 1.35599 —
1.35930 – 1.36048 —
68.64691253781 – 64.500011617557 —
– —
1.35854 – 1773185400

Trading Signals: FOREX – USD – USD/CAD – CAD – Three Black Crows – – – – – – – – –