USD/CAD – 30M – SELLAnd also a ‘Double bottom chart pattern’ chart layout is discovered. The chart shows ‘Double bottom chart pattern’. which is a bullish pattern signal. The currency pair is likely to go up.
The currency pair US Dollar/Canadian Dollar (USD/CAD) goes from the ascending trendline down.
A bearish descent downwards to the next support at 1.36704 is expected.
Caution: A possible reversal of the trend in the direction of resistance at 1.37071 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.37425 |
| 2nd High | 1.37314 |
| Next High | 1.37071 |
| Current Price | 1.37003 |
| Next Low | 1.36704 |
| 2nd Low | 1.36692 |
| 3rd Low | 1.36600 |
1.37071 – 1.37030 – 1.37041 – 1.36704 – 1.36692 – 1.36766