USD/CAD – 30M – BUYAlso there is a ‘Double bottom chart pattern’ chart pattern is discovered. The formation shows ‘Double bottom chart pattern’. this is a bullish signal. The currency pair is likely to go up.
The currency pair US Dollar/Canadian Dollar (USD/CAD) breaks through the ascending trendline upwards
A continuation of the uptrend up to the next resistance line at 1.36734 is likely expected.
Caution: A possible counter-trend in the direction of the support level at 1.3628 is within the realm of possibility.
Consider stop-loss settings accordingly.
Also there is a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. this is usually a bullish chart scenario. The pair is likely to go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.37389 |
| 2nd High | 1.37243 |
| Next High | 1.36734 |
| Current Price | 1.36437 |
| Next Low | 1.3628 |
| 2nd Low | 1.36031 |
| 3rd Low | 1.35931 |
1.36384 – 1.36359 – 1.36372 – 1.3628 – 1.36031 – 1.35931 —
1.36416 – 1.36448 —
62.954283706178 – 56.38320402142 —
– —
1.36384 – 1771270200
Trading Signals: FOREX – USD – USD/CAD – CAD – – Double bottom chart pattern – – – – – – – –