USD/CAD – 30M – SELL

Also there is a ‘Symmetrical Triangle Chart Pattern’ chart layout is existing. The chart picture forms ‘Symmetrical Triangle Chart Pattern’. which is a bearish signal. The currency pair is likely to go down.

The combination 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 1.40292 will continue.

Caution: A possible trend reversal in the direction of the resistance level at 1.40579 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The currency pair is likely to fall.

Also there is a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. this is usually a bearish chart signal. The currency pair is likely to fall.

Also there is a ‘Three Outside Down’ candle chart pattern is existing. The chart shows ‘Three Outside Down’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

1.40579 – 1.40534 – 1.4077 – 1.40292 – 1.40101 – 1.40244 —
1.40389 – 1.40368 —
49.055081672719 – 46.552563915654 —
– —
1.40579 – 1784232000

Trading Signals: FOREX – USD – USD/CAD – CAD – Three Outside Down – Symmetrical Triangle Chart Pattern – – – – – – – –