USD/CAD – 30M – SELLThe pair US Dollar/Canadian Dollar (USD/CAD) goes from the descending trendline downwards
A continuation of the bearish trend downwards to the next support level at 1.36012 is certain.
Caution: A possible trend reversal in the direction of the resistance level at 1.37389 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Matching Low’ candlestick chart pattern is existing. The chart shows ‘Matching Low’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.38329 |
| 2nd High | 1.37993 |
| Next High | 1.37389 |
| Current Price | 1.35778 |
| Next Low | 1.36012 |
| 2nd Low | 1.35665 |
| 3rd Low | 1.35561 |
1.37389 – 1.37196 – 1.37126 – 1.36752 – 1.36713 – 1.37833 —
1.36057 – 1.36161 —
11.336378860182 – 26.971554470615 —
– —
1.37389 – 1769499000
Trading Signals: FOREX – USD – USD/CAD – CAD – Matching Low – – – – – – – – –