USD/CAD – 30M – SELL

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

The bearish trend downwards to the next support line at 1.36875 is considered certain.

Caution: A possible trend reversal in the direction of the resistance zone at 1.37413 is within the realm of possibility.
Consider stop-loss settings accordingly.

Moreover a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which could be a negative signal. The pair is likely to go down.

Moreover a ‘Three Black Crows’ candlestick pattern is detected. The candles form ‘Three Black Crows’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

1.37237 – 1.37124 – 1.37223 – 1.36875 – 1.3687 – 1.368 —
1.37070 – 1.37363 —
50.771013332788 – 67.632527279299 —
– —
1.37237 – 1773851400

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