USD/CAD – 30M – BUYThe pair US Dollar/Canadian Dollar (USD/CAD) breaks through the descending trendline up.
The bullish trend up to the next resistance level at 1.38757 will continue.
Caution: A possible reversal of the trend in the direction of the support level at could happen.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart signal. The currency pair could go up.
In addition a ‘Northern Doji’ candlestick chart pattern is detected. The chart shows ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. 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 | 1.38879 |
| 2nd High | 1.38765 |
| Next High | 1.38757 |
| Current Price | 1.38741 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.38757 – 1.38765 – 1.38879 – 1.38545 – 1.38504 – 1.37899 —
1.38726 – 1.38784 —
54.863937299841 – 51.038208738114 —
– —
1.38757 – 1767931200
Trading Signals: FOREX – USD – USD/CAD – CAD – Northern Doji – Rising Wedge Chart Pattern – – – – – – – –