USD/CAD – 1H – SELLThe currency pair US Dollar/Canadian Dollar (USD/CAD) goes from the ascending trendline downwards
A bearish descent down to the next support line at 1.3971 will continue.
Caution: A possible counter-trend in the direction of the resistance level at 1.40649 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Tweezers Top’ candle pattern is discovered. The chart shows ‘Tweezers Top’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.41401 |
| 2nd High | 1.41396 |
| Next High | 1.40649 |
| Current Price | 1.40496 |
| Next Low | 1.3971 |
| 2nd Low | 1.38876 |
| 3rd Low | 1.3885 |
1.40649 – 1.4062 – 1.40213 – 1.3971 – 1.40138 – 1.39896 —
1.40591 – 1.40644 —
64.19379649784 – 63.891124289011 —
– —
1.40649 – 1763578800
Trading Signals: FOREX – USD – USD/CAD – CAD – Tweezers Top – Double bottom retreat down – – – –