USD/CAD – 1H – SELL

The currency pair US Dollar/Canadian Dollar (USD/CAD) goes from the ascending trendline downwards

The bearish trend downwards to the next support line at 1.36031 is considered certain.

Caution: A possible counter-trend in the direction of the resistance level at 1.36734 is also possible.
Consider stop-loss settings accordingly.

And also a ” indicator layout is discovered. The indicator shows ”. which could be a negative chart scenario. The currency pair could go down.

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And also a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The currency pair could go down.

And also a ‘Bearish Belt Hold’ chart pattern is existing. The candles show ‘Bearish Belt Hold’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).

1.36372 – 1.36355 – 1.36186 – 1.36031 – 1.35931 – 1.35551 —
1.36528 – 1.36791 —
65.006575752979 – 78.421346550219 —
– —
1.36372 – 1770973200

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