USD/CAD – 1H – SELL

The pair US Dollar/Canadian Dollar (USD/CAD) moves from the bearish trendline down.

A continuation of the downward movement downwards to the next support level at 1.3687 is expected.

Caution: A possible counter-trend in the direction of resistance at 1.37223 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Bearish Belt Hold’ candle chart pattern is discovered. The chart shows ‘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’ going down is 68% (Bull Market) & 69% (Bear Market).

1.37223 – 1.37413 – 1.36048 – 1.3687 – 1.368 – 1.36527 —
1.37082 – 1.37256 —
57.087417438885 – 64.203320362139 —
– —
1.37223 – 1773770400

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