USD/CAD – 30M – SELLThe currency pair US Dollar/Canadian Dollar (USD/CAD) goes from the descending trendline downwards
A continuation of the downtrend downwards to the next support at 1.36696 will persist.
Caution: A possible reversal of the trend in the direction of the resistance level at 1.37378 could occur.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Three Black Crows’ candlestick pattern is discovered. 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 likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.38518 |
| 2nd High | 1.37879 |
| Next High | 1.37378 |
| Current Price | 1.36823 |
| Next Low | 1.36696 |
| 2nd Low | 1.36527 |
| 3rd Low | 1.36206 |
1.37378 – 1.37879 – 1.37819 – 1.3695 – 1.37128 – 1.37264 —
1.37033 – 1.36911 —
44.477422876751 – 29.054374228347 —
– —
1.37378 – 1776346200
Trading Signals: FOREX – USD – USD/CAD – CAD – Three Black Crows – – – – – – – – –