USD/CAD – 30M – SELL

Besides a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The chart picture shows ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to go down.

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

A bearish movement down to the next support level at 1.36198 is expected.

Caution: A possible change in the direction of the resistance line at 1.36646 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The currency pair is likely to fall.

Besides a ‘Bearish Belt Hold’ candlestick chart pattern is detected. The chart shows ‘Bearish Belt Hold’. 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 ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).

1.36646 – 1.36447 – 1.36432 – 1.36198 – 1.35777 – 1.36063 —
1.36602 – 1.36564 —
64.333865081264 – 56.310568090667 —
– —
1.36646 – 1778202000

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