USD/CAD – 30M – BUYNext a ‘Hammer’ candle pattern is existing. The chart shows ‘Hammer’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Hammer’ heading up is 60% (Bull Market) & 59% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.44669 |
| Next High | 1.44632 |
| Current Price | 1.43307 |
| Next Low | 1.42791 |
| 2nd Low | 1.42222 |
| 3rd Low | 1.42190 |