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Forex · indicator signal

Bollinger breakout up on USD/CAD

On USD/CAD the bollinger breakout up showed up 77 times. The target came first 35% of the time, the stop 61%, and 4% went nowhere within 12 candles.

Counted on USD/CAD: daily candles from January 2015 and hourly candles from October 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily250%50%0%
Hourly7535%61%4%

USD/CAD against the rest

ChartsFoundTarget firstStop firstWent nowhere
USD/CAD7735%61%4%
All Forex charts71636%60%3%
Every market11,28739%58%3%

Year by year

YearFoundTarget firstStop first
2024333%67%
20253435%65%
20263834%58%

The last 8 times

Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.

What the bollinger breakout up is

After a tight squeeze, price closed above the upper band.

Squeeze a spring tight and let go, and it jumps. Bollinger Bands are lines that hug the price, getting narrow when things are calm and wide when things get wild. After a tight squeeze, a close above the top band is like the spring jumping up.

The full bollinger breakout up lesson, video and quiz ›

Other patterns on USD/CAD

Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · Doji · MACD bearish cross · EMA 9/21 bullish cross · EMA 9/21 bearish cross · MACD bullish cross · RSI overbought drop · all of them

The bollinger breakout up elsewhere

GBP/USD · EUR/JPY · EUR/USD · USD/CHF · GBP/JPY · USD/JPY · NZD/USD · EUR/GBP · AUD/USD · GBP/INR · Sensex · Dow Jones · S&P 500 · Nikkei 225 · Sony · Gold · Ethereum · Bitcoin

Questions

How often does the bollinger breakout up work on USD/CAD?

In 77 cases on USD/CAD, the target (1.5 × ATR) came before the stop (1 × ATR) 35% of the time and the stop came first 61%; 4% went nowhere within 12 candles.

What is the bollinger breakout up?

After a tight squeeze, price closed above the upper band.