USD/CAD – 1H – SELL

The pair US Dollar/Canadian Dollar (USD/CAD) moves from the descending trendline down.

A continuation of the downtrend down to the next support line at 1.40101 will persist.

Caution: A possible reversal of the trend in the direction of the resistance zone at 1.40579 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The currency pair is likely to fall.

Moreover a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. which could be a negative chart signal. The currency pair is likely to fall.

Moreover a ‘Three Outside Down’ candle pattern is discovered. The candles form ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

1.40579 – 1.4077 – 1.41598 – 1.40101 – 1.40244 – 1.40392 —
1.40409 – 1.40383 —
45.247893818558 – 48.973110636899 —
– —
1.40579 – 1784232000

Trading Signals: FOREX – USD – USD/CAD – CAD – Three Outside Down – – – – – – – – –