USD/CAD – 1H – BUYThe pair US Dollar/Canadian Dollar (USD/CAD) breaks through the ascending trendline upwards
A continuation of the upward movement upwards to the next resistance level at 1.38225 is likely expected.
Caution: A possible reversal of the trend in the direction of the support zone at 1.37512 could happen.
Consider stop-loss settings accordingly.
In addition a ‘%K crosses above %D’ indicator signal is discovered. The indicator is ‘%K crosses above %D’. which could be a positive chart signal. The currency pair could go up.
In addition a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which is often a bullish chart scenario. The currency pair is likely to rise.
In addition a ‘Northern Doji’ candle pattern is detected. The chart shows ‘Northern Doji’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.3977 |
| 2nd High | 1.38717 |
| Next High | 1.38225 |
| Current Price | 1.38197 |
| Next Low | 1.37512 |
| 2nd Low | 1.37448 |
| 3rd Low | 1.37 |
1.3815 – 1.37277 – 1.37086 – 1.37512 – 1.37448 – 1.37 —
1.37964 – 1.38166 —
62.19781231652 – 70.171540579942 —
– —
1.38150 – 1767625200
Trading Signals: FOREX – USD – USD/CAD – CAD – Northern Doji – – – – – – – – –