USD/CAD – 4H – BUYThe currency pair US Dollar/Canadian Dollar (USD/CAD) goes from the bullish trendline up.
A continuation of the uptrend up to the next resistance level at 1.44492 will continue.
Caution: A possible trend reversal in the direction of the support level at 1.43462 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Target of the current trend is 1.44669 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance zone at 1.44492 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Three White Soldiers’ candlestick chart pattern is discovered. The chart forms ‘Three White Soldiers’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.44669 |
| Next High | 1.44492 |
| Current Price | 1.43864 |
| Next Low | 1.43462 |
| 2nd Low | 1.43349 |
| 3rd Low | 1.41193 |
Trading Signals: FOREX – USD – USD/CAD – CAD – Three White Soldiers