USD/CAD – 4H – BUYFurthermore a ‘Double top retreat up’ chart layout is discovered. The formation shows ‘Double top retreat up’. which is a bullish signal. The pair is likely to go up.
Furthermore a ‘Northern Doji’ candle pattern is detected. The candles form ‘Northern Doji’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.38613 |
| 2nd High | 1.37977 |
| Next High | 1.37543 |
| Current Price | 1.37142 |
| Next Low | 1.36782 |
| 2nd Low | 1.35395 |
| 3rd Low |
1.37543 – 1.37977 – 1.37284 – 1.36782 – 1.35395 – 1.36342
Trading Signals: FOREX – USD – USD/CAD – CAD – Northern Doji – Double top retreat up