USD/CAD – 30M – SELL

There is also a ‘Symmetrical Triangle Chart Pattern’ chart layout is detected. The chart picture shows ‘Symmetrical Triangle Chart Pattern’. which is a negative pattern signal. The pair is likely to go down.

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

A continuation of the bearish trend down to the next support at 1.37852 is considered certain.

Caution: A possible change in the direction of resistance at 1.38426 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish signal. The currency pair could go down.

There is also a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which could be a negative signal. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 1.38051662 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support level at 1.38426 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Matching Low’ candlestick chart pattern is existing. The chart forms ‘Matching Low’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

1.38426 – 1.38426 – 1.38406 – 1.37852 – 1.38235 – 1.38141 —
1.38285 – 1.38397 —
48.70016339073 – 61.119165959259 —
– —
1.38426 – 1768995000

Trading Signals: FOREX – USD – USD/CAD – CAD – Matching Low – Symmetrical Triangle Chart Pattern – – – – – – – –