Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 1.39502 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support line at 1.40142 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Three Black Crows’ candle chart pattern is existing. The chart forms ‘Three Black Crows’. which is a bearish chart scenario. The 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%.

Download USD/CAD Signal Image

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

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

A continuation of the bearish trend down to the next support level at 1.39502 is likely expected.

Caution: A possible trend reversal in the direction of resistance at 1.40363 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Three Black Crows’ candlestick chart pattern is found. The chart forms ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.

Download USD/CAD Signal Image

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