USD/CAD – 30M – SELLThe pair US Dollar/Canadian Dollar (USD/CAD) moves from the bullish trendline down.
A bearish descent downwards to the next support line at 1.35762 will continue.
Caution: A possible counter-trend in the direction of resistance at 1.36337 could occur.
Consider stop-loss settings accordingly.
Then a ‘Shooting Star’ candle chart pattern is detected. The candles form ‘Shooting Star’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Shooting Star’ going down is 59% (Bull Market) & 60% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.3716 |
| 2nd High | 1.36742 |
| Next High | 1.36337 |
| Current Price | 1.36354 |
| Next Low | 1.35762 |
| 2nd Low | 1.35545 |
| 3rd Low | 1.35418 |
1.36337 – 1.36044 – 1.36048 – 1.35762 – 1.3578 – 1.35545 —
1.36249 – 1.36459 —
68.286176766699 – 76.777535589247 —
– —
1.36337 – 1773338400
Trading Signals: FOREX – USD – USD/CAD – CAD – Shooting Star – – – – – – – – –