USD/CAD – 30M – BUYBesides a ‘Bullish Engulfing’ candle pattern is existing. The chart shows ‘Bullish Engulfing’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ going up is 63%.
Besides a ‘Double top chart pattern’ chart pattern is detected. The chart shows ‘Double top chart pattern’. this is a bearish chart scenario. The currency pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.44012 |
| 2nd High | 1.43725 |
| Next High | 1.43504 |
| Current Price | 1.43066 |
| Next Low | 1.42907 |
| 2nd Low | 1.42635 |
| 3rd Low | 1.42388 |
1.43504 – 1.43725 – 1.43436 – 1.43262 – 1.43132 – 1.43142
Trading Signals: FOREX – USD – USD/CAD – CAD – Bullish Engulfing