USD/CAD – 30M – BUYThe currency pair US Dollar/Canadian Dollar (USD/CAD) breaks through the ascending trendline upwards
A continuation of the uptrend upwards to the next resistance level at 1.38266 is expected.
Caution: A possible reversal of the trend in the direction of support at 1.37899 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘StochRSI Hidden Bullish Divergence’ indicator signal is found. The indicator shows ‘StochRSI Hidden Bullish Divergence’. In der Regel bedeutet das ein positives signal. Das Paar tendiert eventuell nach oben.
Additionally a ‘Northern Doji’ candle chart pattern is detected. The chart forms ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.3952 |
| 2nd High | 1.38717 |
| Next High | 1.38266 |
| Current Price | 1.38450 |
| Next Low | 1.37899 |
| 2nd Low | 1.37564 |
| 3rd Low | 1.37512 |
1.38266 – 1.3825 – 1.3776 – 1.37899 – 1.37564 – 1.37512 —
1.38176 – 1.38387 —
54.776688120109 – 69.720052566395 —
– —
1.38266 – 1767780000
Trading Signals: FOREX – USD – USD/CAD – CAD – Northern Doji – – – – – – – – –