USD/CAD – 30M – SELL

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

A continuation of the downward movement downwards to the next support at 1.39239 will continue.

Caution: A possible change in the direction of the resistance level at 1.39665 should always be considered.
Consider stop-loss settings accordingly.

Also there is a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart signal. The currency pair could go down.

Also there is a ‘Three Black Crows’ candlestick pattern is found. The candles form ‘Three Black Crows’. which is a negative pattern signal. The currency 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%.

1.39665 – 1.39355 – 1.3945 – 1.39239 – 1.39161 – 1.38456 —
1.39376 – 1.39179 —
47.664128275667 – 38.216036725502 —
– —
1.39665 – 1774978200

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