USD/CAD – 30M – BUYThe pair US Dollar/Canadian Dollar (USD/CAD) jumps from the bullish trendline up.
A continuation of the bullish trend up to the next resistance at 1.38057 is expected.
Caution: A possible reversal of the trend in the direction of support at 1.37826 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Northern Doji’ candle chart pattern is detected. The candles form ‘Northern Doji’. 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 chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.38675 |
| 2nd High | 1.38575 |
| Next High | 1.38057 |
| Current Price | 1.37990 |
| Next Low | 1.37826 |
| 2nd Low | 1.37409 |
| 3rd Low | 1.36012 |
1.38057 – 1.37877 – 1.38575 – 1.37826 – 1.37877 – 1.37409 — 55.700341052837 – 56.938344289267 — 69.480336086987 – 90.930593800748 – 58.475604751055 – 71.54154875881
Trading Signals: FOREX – USD – USD/CAD – CAD – Northern Doji – – –