USD/CAD – 30M – SELL

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

A continuation of the downtrend down to the next support level at is likely expected.

Caution: A possible counter-trend in the direction of the resistance zone at 1.37181 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart scenario. The pair is likely to go down.

Moreover a ‘Bearish Belt Hold’ candle chart 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).

1.37181 – 1.36865 – 1.36733 – 1.36601 – 1.36597 – 1.36404 —
1.37094 – 1.36754 —
59.540851763211 – 41.558301863027 —
– —
1.37181 – 1772476200

Trading Signals: FOREX – USD – USD/CAD – CAD – Bearish Belt Hold – – – – – – – – –