USD/CAD – 30M – SELLAnd also a ‘Double top chart pattern’ chart layout is detected. The chart shows ‘Double top chart pattern’. which is a negative signal. The currency pair is likely to fall.
The combination US Dollar/Canadian Dollar (USD/CAD) goes from the bearish trendline down.
A continuation of the downtrend downwards to the next support at 1.36496 is certain.
Caution: A possible trend reversal in the direction of the resistance zone at 1.36743 could be enabled.
Consider stop-loss settings accordingly.
And also a ‘Three Black Crows’ candlestick chart pattern is detected. The chart forms ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.36926 |
| 2nd High | 1.36900 |
| Next High | 1.36743 |
| Current Price | 1.36484 |
| Next Low | 1.36496 |
| 2nd Low | 1.36342 |
| 3rd Low |
1.36743 – 1.36900 – 1.36926 – 1.36496 – 1.36633 – 1.36676
Trading Signals: FOREX – USD – USD/CAD – CAD – Three Black Crows