USD/CAD – 30M – SELLThe combination US Dollar/Canadian Dollar (USD/CAD) goes from the bearish trendline downwards
A continuation of the downtrend down to the next support level at 1.41591 is expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 1.41973 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘StochRSI Hidden Bearish Divergence’ indicator layout is found. The indicator is ‘StochRSI Hidden Bearish Divergence’. In der Regel bedeutet das ein positives signal. Das Paar tendiert eventuell nach oben.
Additionally a ‘Three Black Crows’ candlestick chart pattern is discovered. The candles form ‘Three Black Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.42241 |
| 2nd High | 1.42187 |
| Next High | 1.41973 |
| Current Price | 1.41930 |
| Next Low | 1.41591 |
| 2nd Low | 1.41499 |
| 3rd Low | 1.41449 |
1.41973 – 1.42187 – 1.42241 – 1.41591 – 1.41499 – 1.41915 —
1.41852 – 1.42033 —
59.454721685028 – 71.192907501115 —
– —
1.41973 – 1783047600
Trading Signals: FOREX – USD – USD/CAD – CAD – Three Black Crows – – – – – – – – –