USD/CAD – 30M – SELL

The pair US Dollar/Canadian Dollar (USD/CAD) goes from the descending trendline downwards

A continuation of the downtrend down to the next support line at 1.36063 is certain.

Caution: A possible trend reversal in the direction of resistance at 1.36268 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘MACD crosses below signal’ indicator signal is detected. The indicator shows ‘MACD crosses below signal’. this is usually a bearish signal. The currency pair could go down.

Then a ‘Bearish Belt Hold’ candlestick chart pattern is found. The chart forms ‘Bearish Belt Hold’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

1.36268 – 1.36298 – 1.36191 – 1.36063 – 1.36039 – 1.3601 —
1.36196 – 1.36201 —
51.629164223586 – 47.012765915876 —
– —
1.36268 – 1777995000

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