USD/CAD – 1H – BUYThe pair US Dollar/Canadian Dollar (USD/CAD) breaks through the bullish trendline upwards
A continuation of the uptrend up to the next resistance at 1.38717 is considered certain.
Caution: A possible reversal of the trend in the direction of the support level at 1.37899 could occur.
Consider stop-loss settings accordingly.
There is also a ‘Northern Doji’ candle chart pattern is discovered. The candles show ‘Northern Doji’. this is a bullish pattern 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 | 1.40142 |
| 2nd High | 1.3977 |
| Next High | 1.38717 |
| Current Price | 1.38604 |
| Next Low | 1.37899 |
| 2nd Low | 1.37512 |
| 3rd Low | 1.37448 |
1.3815 – 1.37277 – 1.37086 – 1.37899 – 1.37512 – 1.37448 —
1.38176 – 1.38595 —
56.639343026832 – 71.366896354333 —
– —
1.38150 – 1767625200
Trading Signals: FOREX – USD – USD/CAD – CAD – Northern Doji – – – – – – – – –