Also there is a ‘Double bottom retreat down’ chart formation is existing. The chart shows ‘Double bottom retreat down’. which is a bearish chart scenario. The currency pair is likely to fall.
Also there is a ‘%K crosses below %D’ indicator layout is detected. The indicator shows ‘%K crosses below %D’. which could be a negative chart scenario. The currency pair is likely to fall.
Also there is a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which could be a negative signal. The pair is likely to go down.
Also there is a ‘Three Outside Down’ candle pattern is existing. The candles form ‘Three Outside Down’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.3952 |
| 2nd High | 1.39193 |
| Next High | 1.38944 |
| Current Price | 1.38872 |
| Next Low | 1.38547 |
| 2nd Low | 1.38545 |
| 3rd Low | 1.38504 |
1.38875 – 1.38837 – 1.38944 – 1.38547 – 1.3867 – 1.38678 —
1.38740 – 1.38979 —
44.247204522375 – 59.248887621583 —
– —
1.38875 – 1768300200
Trading Signals: FOREX – USD – USD/CAD – CAD – Three Outside Down – Double bottom retreat down – – – – – – – –