USD/CAD – 1H – SELLAnd also a ‘Bearish Meeting Lines’ candle chart pattern is discovered. The chart forms ‘Bearish Meeting Lines’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Meeting Lines’ going down is 51% (Bull Market) & 53% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.41947 |
| Current Price | 1.41769 |
| Next Low | 1.40930 |
| 2nd Low | 1.40100 |
| 3rd Low | 1.40089 |
Trading Signals: FOREX – USD – USD/CAD – CAD – Bearish Meeting Lines