USD/CAD – 1H – SELLBesides a ‘Double top chart pattern’ chart layout is found. The chart shows ‘Double top chart pattern’. which is a negative chart scenario. The currency pair is likely to fall.
Besides a ‘Bearish Engulfing’ candlestick pattern is found. The chart forms ‘Bearish Engulfing’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.37389 |
| 2nd High | 1.37246 |
| Next High | 1.37063 |
| Current Price | 1.36715 |
| Next Low | 1.36482 |
| 2nd Low | 1.36369 |
| 3rd Low | 1.36319 |
1.37063 – 1.37246 – 1.37172 – 1.36739 – 1.36482 – 1.36676 —
1.36982 – 1.36768 —
42.264999409035 – 39.723457772403 —
– —
1.37063 – 1772024400
Trading Signals: FOREX – USD – USD/CAD – CAD – Bearish Engulfing – Double top chart pattern – – – – – – – –