USD/CAD – 1H – BUYFurthermore a ‘Bullish Engulfing’ chart pattern is detected. The chart shows ‘Bullish Engulfing’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.44669 |
| 2nd High | 1.44632 |
| Next High | 1.44469 |
| Current Price | 1.43811 |
| Next Low | 1.43751 |
| 2nd Low | 1.43646 |
| 3rd Low | 1.43388 |
Trading Signals: FOREX – USD – USD/CAD – CAD – Bullish Engulfing