USD/CAD – 30M – SELL

The pair US Dollar/Canadian Dollar (USD/CAD) moves from the ascending trendline downwards

A descending movement downwards to the next support at 1.3601 will persist.

Caution: A possible counter-trend in the direction of the resistance line at 1.36761 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The currency pair could go down.

In addition a ‘Three Black Crows’ candlestick pattern is existing. The chart shows ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.

1.36191 – 1.35956 – 1.3593 – 1.3601 – 1.3575 – 1.35499 —
1.36267 – 1.36298 —
57.354183521225 – 62.335411410192 —
– —
1.36191 – 1777899600

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