USD/CAD – 30M – SELLThen a ‘Double bottom chart pattern’ chart pattern is existing. The chart picture forms ‘Double bottom chart pattern’. this is a bullish signal. The currency pair is likely to go up.
The pair US Dollar/Canadian Dollar (USD/CAD) jumps from the bullish trendline downwards
A descending movement down to the next support level at 1.36704 is certain.
Caution: A possible counter-trend in the direction of the resistance line at 1.37071 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.37425 |
| 2nd High | 1.37314 |
| Next High | 1.37071 |
| Current Price | 1.37053 |
| Next Low | 1.36704 |
| 2nd Low | 1.36692 |
| 3rd Low | 1.36600 |
1.37071 – 1.37030 – 1.37041 – 1.36704 – 1.36692 – 1.36766