There is also a ‘%K crosses above %D’ indicator signal is existing. The indicator shows ‘%K crosses above %D’. which is often a bullish signal. The pair is likely to go up.
Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend will continue. Target of the current trend is 1.40576 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the resistance zone at 1.40576 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Northern Doji’ candle chart pattern is discovered. The candles form ‘Northern Doji’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.41396 |
| 2nd High | 1.41258 |
| Next High | 1.40576 |
| Current Price | 1.40523 |
| Next Low | 1.40235 |
| 2nd Low | 1.4014 |
| 3rd Low | 1.40138 |
1.40576 – 1.40387 – 1.4045 – 1.40235 – 1.4014 – 1.40138 —
1.40532 – 1.40508 —
65.730954567393 – 55.614457436993 —
– —
1.40576 – 1763418600
Trading Signals: FOREX – USD – USD/CAD – CAD – Northern Doji – – – – –