USD/CAD – 1H – BUYFurthermore a ‘Double top retreat up’ chart pattern is detected. The formation shows ‘Double top retreat up’. this is a bullish chart scenario. The currency pair is likely to go up.
Furthermore a ‘Three Outside Up’ candlestick pattern is discovered. The candles show ‘Three Outside Up’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.38445 |
| 2nd High | 1.37389 |
| Next High | 1.37243 |
| Current Price | 1.36577 |
| Next Low | 1.36521 |
| 2nd Low | 1.36283 |
| 3rd Low | 1.34929 |
1.37243 – 1.36996 – 1.36856 – 1.36521 – 1.36283 – 1.34929 —
1.36905 – 1.36480 —
49.451301626997 – 35.701754421072 —
– —
1.37243 – 1770343200
Trading Signals: FOREX – USD – USD/CAD – CAD – Three Outside Up – Double top retreat up – – – – – – – –