USD/CAD – 4H – BUYFurthermore a ‘Triple top chart pattern’ chart layout is detected. The chart picture shows ‘Triple top chart pattern’. which is a bearish signal. The currency pair is likely to go down.
Furthermore a ‘Last Engulfing Top’ candle pattern is found. The candles form ‘Last Engulfing Top’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.38613 |
| 2nd High | 1.37977 |
| Next High | 1.37590 |
| Current Price | 1.36025 |
| Next Low | 1.35395 |
| 2nd Low | |
| 3rd Low |
1.37590 – 1.37543 – 1.37977 – 1.36173 – 1.36782 – 1.35395 — 48.368102191838 – 47.099308632375
Trading Signals: FOREX – USD – USD/CAD – CAD – Last Engulfing Top – Triple top chart pattern –