Moreover a ‘Bearish Belt Hold’ candlestick pattern is detected. The chart forms ‘Bearish Belt Hold’. this 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 success rate of a ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).
Support & Resistance | Price Range* |
---|---|
3rd High | 1.44669 |
2nd High | 1.44492 |
Next High | 1.44326 |
Current Price | 1.43461 |
Next Low | 1.43443 |
2nd Low | 1.43349 |
3rd Low | 1.43043 |
Trading Signals: FOREX – USD – USD/CAD – CAD – Bearish Belt Hold