USD/CAD – 1H – SELL

Additionally a ‘Double top retreat up’ chart formation is found. The chart shows ‘Double top retreat up’. which is a positive pattern signal. The currency pair is likely to rise.

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

A continuation of the bearish trend downwards to the next support at 1.40283 is considered certain.

Caution: A possible counter-trend in the direction of the resistance zone at 1.40495 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which is often a bearish chart scenario. The pair is likely to go down.

Additionally a ‘Bullish Tri-Star’ candle pattern is existing. The candles form ‘Bullish Tri-Star’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Tri-Star’ going up is 60% (Bull Market) & 55% (Bear Market).

1.40495 – 1.41006 – 1.41246 – 1.40283 – 1.40812 – 1.40394 —
1.40456 – 1.40310 —
45.198892121487 – 36.803117226481 —
– —
1.40495 – 1764244800

Trading Signals: FOREX – USD – USD/CAD – CAD – Bullish Tri-Star – Double top retreat up – – – – – – – –