USD/CAD – 30M – SELLAdditionally a ‘Double bottom retreat down’ chart formation is found. The chart forms ‘Double bottom retreat down’. which is a bearish pattern signal. The pair is likely to go down.
Additionally a ‘Northern Doji’ candlestick pattern is discovered. The chart shows ‘Northern Doji’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.38675 |
| 2nd High | 1.38575 |
| Next High | 1.38057 |
| Current Price | 1.38048 |
| Next Low | 1.37826 |
| 2nd Low | 1.37409 |
| 3rd Low | 1.36012 |
1.38057 – 1.37877 – 1.38575 – 1.37826 – 1.37877 – 1.37409 — 64.191910450087 – 62.420627551502 — 100 – 96.299591196967 – 100 – 98.766530398989
Trading Signals: FOREX – USD – USD/CAD – CAD – Northern Doji – Double bottom retreat down – –