USD/CAD – 1H – BUYNext a ‘Double bottom chart pattern’ chart layout is discovered. The formation shows ‘Double bottom chart pattern’. which is a positive signal. The pair is likely to go up.
The currency pair US Dollar/Canadian Dollar (USD/CAD) breaks through the descending trendline upwards
A bullish ascent up to the next resistance level at 1.36856 is considered certain.
Caution: A possible reversal of the trend in the direction of support at 1.36283 is also possible.
Consider stop-loss settings accordingly.
Next a ‘StochRSI %K line crosses above %D line’ indicator signal is existing. The indicator is ‘StochRSI %K line crosses above %D line’. which is often a bullish chart signal. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.37389 |
| 2nd High | 1.37022 |
| Next High | 1.36856 |
| Current Price | 1.36909 |
| Next Low | 1.36283 |
| 2nd Low | 1.34929 |
| 3rd Low | 1.34812 |
1.36856 – 1.37022 – 1.35777 – 1.36283 – 1.34929 – 1.34812 —
1.36782 – 1.36706 —
60.043823881918 – 52.440985313358 —
– —
1.36856 – 1770120000
Trading Signals: FOREX – USD – USD/CAD – CAD – – Double bottom chart pattern – – – – – – – –