USD/CAD – 30M – SELL

The combination US Dollar/Canadian Dollar (USD/CAD) goes from the bullish trendline downwards

A descending movement down to the next support level at 1.36521 is likely expected.

Caution: A possible counter-trend in the direction of the resistance zone at 1.36996 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The pair is likely to go down.

Besides a ‘Bearish Belt Hold’ candlestick pattern is discovered. The candles form ‘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 probability of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

1.36996 – 1.36928 – 1.36838 – 1.36521 – 1.36573 – 1.36283 —
1.36833 – 1.37139 —
52.622931535341 – 67.114340870049 —
– —
1.36996 – 1770292800

Trading Signals: FOREX – USD – USD/CAD – CAD – Bearish Belt Hold – Rising Wedge Chart Pattern – – – – – – – –