Buy USD/CAD – 4H – BUY

There is also a ‘Inverse Head and Shoulder chart pattern’ chart layout is found. The chart forms ‘Inverse Head and Shoulder chart pattern’. this is a bullish chart scenario. The currency pair is likely to go up.

There is also a ‘Shooting Star’ candlestick pattern is found. The candles show ‘Shooting Star’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Shooting Star’ going down is 59% (Bull Market) & 60% (Bear Market).

Support & Resistance Price Range*
3rd High 1.40045
2nd High 1.38613
Next High 1.37977
Current Price 1.37699
Next Low 1.36173
2nd Low 1.35395
3rd Low

1.37590 – 1.37543 – 1.37977 – 1.36173 – 1.36782 – 1.35395 — 46.960365120859 – 71.739397406899 — 92.896308796405 – 95.967702719764 – 82.056115514634 – 91.604844690688

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