USD/CAD – 30M – BUYNext a ‘Bullish Engulfing’ candle chart pattern is discovered. The candles form ‘Bullish Engulfing’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.41947 |
| Next High | 1.41940 |
| Current Price | 1.41589 |
| Next Low | 1.41193 |
| 2nd Low | 1.40930 |
| 3rd Low | 1.40156 |
Trading Signals: FOREX – USD – USD/CAD – CAD – Bullish Engulfing