USD/CAD – 30M – BUYFurthermore a ‘Double bottom chart pattern’ chart pattern is detected. The formation shows ‘Double bottom chart pattern’. this is a bullish signal. The currency pair is likely to go up.
The currency pair US Dollar/Canadian Dollar (USD/CAD) breaks through the bearish trendline upwards
A bullish trend up to the next resistance at 1.36838 is considered certain.
Caution: A possible counter-trend in the direction of the support level at 1.36573 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.37022 |
| 2nd High | 1.36856 |
| Next High | 1.36838 |
| Current Price | 1.36859 |
| Next Low | 1.36573 |
| 2nd Low | 1.36283 |
| 3rd Low | 1.36246 |
1.36838 – 1.36504 – 1.36856 – 1.36573 – 1.36283 – 1.36321 —
1.36668 – 1.36872 —
49.876727814912 – 61.188081018757 —
– —
1.36838 – 1770238800
Trading Signals: FOREX – USD – USD/CAD – CAD – – Double bottom chart pattern – – – – – – – –