USD/CAD – 30M – BUYThe currency pair US Dollar/Canadian Dollar (USD/CAD) breaks through the bullish trendline upwards
A continuation of the uptrend up to the next resistance level at 1.40387 will continue.
Caution: A possible reversal of the trend in the direction of the support zone at 1.4014 could happen.
Consider stop-loss settings accordingly.
Then a ‘Northern Doji’ candle pattern is found. The candles show ‘Northern Doji’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.41258 |
| 2nd High | 1.4045 |
| Next High | 1.40387 |
| Current Price | 1.40545 |
| Next Low | 1.4014 |
| 2nd Low | 1.40138 |
| 3rd Low | 1.39849 |
1.40387 – 1.4045 – 1.40128 – 1.4014 – 1.40138 – 1.40176 —
1.40294 – 1.40576 —
44.948272711857 – 66.29403800422 —
– —
1.40387 – 1763357400
Trading Signals: FOREX – USD – USD/CAD – CAD – Northern Doji – Double bottom retreat down – – – –