USD/CAD – 1H – SELLAlso there is a ‘Two Crows’ chart pattern is discovered. The chart shows ‘Two Crows’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
Also there is a ‘Double top chart pattern’ chart pattern is detected. The chart picture forms ‘Double top chart pattern’. which is a negative chart scenario. The currency pair is likely to go down.
Also there is a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which could be a negative chart signal. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.38986 |
| 2nd High | 1.38922 |
| Next High | 1.38713 |
| Current Price | 1.37870 |
| Next Low | 1.37806 |
| 2nd Low | |
| 3rd Low |
1.38713 – 1.38922 – 1.38921 – 1.38079 – 1.38493 – 1.38396