USD/CAD – 30M – SELL

The combination 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 1.36671 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 1.37104 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The currency pair could go down.

In addition a ‘Bearish Belt Hold’ chart pattern is existing. The chart shows ‘Bearish Belt Hold’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).

1.37104 – 1.36913 – 1.36357 – 1.36671 – 1.36693 – 1.36298 —
1.36811 – 1.36792 —
50.024347221924 – 49.526554394828 —
– —
1.37104 – 1777480200

Trading Signals: FOREX – USD – USD/CAD – CAD – Bearish Belt Hold – – – – – – – – –