USD/CAD – 30M – SELLThere is also a ‘Double top chart pattern’ chart formation is existing. The formation shows ‘Double top chart pattern’. which is a bearish chart scenario. The currency pair is likely to go down.
The currency pair US Dollar/Canadian Dollar (USD/CAD) jumps from the bearish trendline down.
A continuation of the bearish trend downwards to the next support at 1.36676 will persist.
Caution: A possible trend reversal in the direction of the resistance level at 1.36926 could happen.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.37314 |
| 2nd High | 1.37284 |
| Next High | 1.36926 |
| Current Price | 1.36710 |
| Next Low | 1.36676 |
| 2nd Low | 1.36600 |
| 3rd Low | 1.36342 |
1.36926 – 1.37284 – 1.37071 – 1.36676 – 1.36704 – 1.36692