USD/CAD – 30M – SELL

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

A continuation of the bearish trend downwards to the next support level at 1.37264 is likely expected.

Caution: A possible counter-trend in the direction of the resistance level at 1.37879 is also possible.
Consider stop-loss settings accordingly.

Next a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart signal. The currency pair could go down.

Next a ‘Three Line Strike – Bearish’ candlestick pattern is detected. The candles form ‘Three Line Strike – Bearish’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Line Strike – Bearish’ going down is 84% (Bull Market).

1.37879 – 1.37819 – 1.37779 – 1.37264 – 1.37607 – 1.37306 —
1.37289 – 1.37242 —
34.07863991521 – 40.388173681189 —
– —
1.37879 – 1776263400

Trading Signals: FOREX – USD – USD/CAD – CAD – Three Line Strike – Bearish – Rising Wedge Chart Pattern – – – – – – – –