And also a ‘Double top retreat up’ chart pattern is discovered. The chart shows ‘Double top retreat up’. this is a bullish pattern signal. The pair is likely to go up.
The currency pair US Dollar/Canadian Dollar (USD/CAD) breaks through the descending trendline up.
The bullish trend upwards to the next resistance line at 1.36146 is considered certain.
Caution: A possible trend reversal in the direction of support at 1.35395 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘StochRSI %K line crosses above %D line’ indicator signal is existing. The indicator is ‘StochRSI %K line crosses above %D line’. which is often a bullish chart signal. The currency pair could go up.
And also a ‘MACD-Hist Bullish Divergence’ indicator signal is existing. The indicator is ‘MACD-Hist Bullish Divergence’. which is often a bullish chart signal. The currency pair could go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.37993 |
| 2nd High | 1.37389 |
| Next High | 1.36146 |
| Current Price | 1.35640 |
| Next Low | 1.35395 |
| 2nd Low | |
| 3rd Low |
1.36146 – 1.37389 – 1.37196 – 1.35586 – 1.36752 – 1.36713 —
1.35658 – 1.35578 —
32.240644189554 – 36.051266638338 —
– —
1.36146 – 1769572800
Trading Signals: FOREX – USD – USD/CAD – CAD – – Double top retreat up – – – – – – – –