USD/CAD – 1H – SELL

Furthermore a ‘Rising Wedge Chart Pattern’ chart pattern is found. The chart shows ‘Rising Wedge Chart Pattern’. which is a negative signal. The currency pair is likely to fall.

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

A descent down to the next support line at 1.36676 is expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 1.37145 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The currency pair is likely to fall.

Furthermore a ‘Bearish Belt Hold’ chart pattern is existing. The candles show ‘Bearish Belt Hold’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).

1.37145 – 1.36925 – 1.36372 – 1.36676 – 1.36369 – 1.36319 —
1.37015 – 1.36994 —
53.454850976074 – 52.001247950216 —
– —
1.37145 – 1771516800

Trading Signals: FOREX – USD – USD/CAD – CAD – Bearish Belt Hold – Rising Wedge Chart Pattern – – – – – – – –