USD/CAD – 1H – SELL

Next a ‘Symmetrical Triangle Chart Pattern’ chart pattern is existing. The chart picture shows ‘Symmetrical Triangle Chart Pattern’. which is a bearish signal. The currency pair is likely to go down.

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

A bearish descent down to the next support level at 1.36739 is likely expected.

Caution: A possible trend reversal in the direction of resistance at 1.37063 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 1.36575972 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support level at 1.37063 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Dark Cloud Cover’ candlestick pattern is discovered. The candles show ‘Dark Cloud Cover’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Dark Cloud Cover’ going down is 60% (Bull Market) & 63% (Bear Market).

1.37063 – 1.37246 – 1.37172 – 1.36739 – 1.36482 – 1.36676 —
1.37012 – 1.36846 —
53.799288888945 – 42.293800020423 —
– —
1.37063 – 1772024400

Trading Signals: FOREX – USD – USD/CAD – CAD – Dark Cloud Cover – Symmetrical Triangle Chart Pattern – – – – – – – –