USD/CAD – 30M – SELLThe pair US Dollar/Canadian Dollar (USD/CAD) jumps from the bearish trendline downwards
A continuation of the downward movement down to the next support level at 1.39546 will persist.
Caution: A possible reversal of the trend in the direction of the resistance line at 1.39901 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Three Black Crows’ chart pattern is detected. The chart shows ‘Three Black Crows’. which is a bearish 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’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.40235 |
| 2nd High | 1.39956 |
| Next High | 1.39901 |
| Current Price | 1.39607 |
| Next Low | 1.39546 |
| 2nd Low | 1.3953 |
| 3rd Low | 1.39312 |
1.39901 – 1.39956 – 1.40235 – 1.39546 – 1.3953 – 1.39312 —
1.39643 – 1.39691 —
39.702746818322 – 43.560159136731 —
– —
1.39901 – 1781307000
Trading Signals: FOREX – USD – USD/CAD – CAD – Three Black Crows – – – – – – – – –