USD/CAD – 30M – SELL

The combination US Dollar/Canadian Dollar (USD/CAD) goes from the bearish trendline down.

A continuation of the bearish trend down to the next support at 1.34929 is likely expected.

Caution: A possible change in the direction of resistance at 1.36076 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive chart signal. The currency pair could go up.

Next a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which is often a bullish chart signal. The currency pair could go up.

Next a ‘Bearish SBS White Lines’ candlestick pattern is found. The chart shows ‘Bearish SBS White Lines’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).

1.35453 – 1.35777 – 1.36076 – 1.34929 – 1.34812 – 1.35091 —
1.35372 – 1.36171 —
51.269747154432 – 60.875111729782 —
– —
1.35453 – 1769745600

Trading Signals: FOREX – USD – USD/CAD – CAD – Bearish SBS White Lines – – – – – – – – –