USD/CAD – 30M – SELL

The combination US Dollar/Canadian Dollar (USD/CAD) jumps from the bullish trendline down.

A bearish descent downwards to the next support at is certain.

Caution: A possible trend reversal in the direction of the resistance level at 1.37196 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish chart scenario. The currency pair could go up.

Also there is a ‘Bearish SBS White Lines’ candlestick chart pattern is existing. The candles form ‘Bearish SBS White Lines’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).

1.37196 – 1.37126 – 1.36962 – 1.36752 – 1.36713 – 1.37833 —
1.37240 – 1.37388 —
62.072603662893 – 58.066098634957 —
– —
1.37196 – 1769463000

Trading Signals: FOREX – USD – USD/CAD – CAD – Bearish SBS White Lines – Symmetrical Triangle Chart Pattern – – – – – – – –