USD/CAD – 30M – BUYNext a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The currency pair is likely to fall.
Next a ‘Northern Doji’ candle chart pattern is discovered. The chart forms ‘Northern Doji’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
Next a ‘Double top chart pattern’ chart pattern is discovered. The chart picture shows ‘Double top chart pattern’. this is a bearish chart scenario. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.38922 |
| 2nd High | 1.38713 |
| Next High | 1.38671 |
| Current Price | 1.38391 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.38671 – 1.38713 – 1.38922 – 1.38161 – 1.38079 – 1.38160
Trading Signals: FOREX – USD – USD/CAD – CAD – Northern Doji