USD/CAD – 4H – SELLBesides a ‘Double bottom chart pattern’ chart layout is found. The chart forms ‘Double bottom chart pattern’. this is a bullish pattern signal. The pair is likely to go up.
The pair US Dollar/Canadian Dollar (USD/CAD) goes from the ascending trendline downwards
The bearish trend down to the next support at 0 is certain.
Caution: A possible reversal of the trend in the direction of resistance at 0 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0 |
| 2nd High | 0 |
| Next High | 0 |
| Current Price | 1.38122 |
| Next Low | 0 |
| 2nd Low | 0 |
| 3rd Low | 0 |
1.38054 – 1.37977 – 1.38717 – 1.36421 – 1.37301 – 1.37994 —
1.37698 – 1.38266 —
59.698331240301 – 69.484680978014 —
– —
1.38054 – 1766174400
Trading Signals: FOREX – USD – USD/CAD – CAD – – Double bottom chart pattern – – – – – – – –