USD/CAD – 30M – BUYThe combination US Dollar/Canadian Dollar (USD/CAD) breaks through the descending trendline upwards
The bullish trend upwards to the next resistance line at 1.38445 is certain.
Caution: A possible counter-trend in the direction of support at 1.38163 could occur.
Consider stop-loss settings accordingly.
Next a ‘MACD crosses above signal’ indicator signal is discovered. The indicator shows ‘MACD crosses above signal’. which could be a positive chart signal. The pair is likely to go up.
Next a ‘StochRSI Bullish Divergence’ indicator signal is discovered. The indicator shows ‘StochRSI Bullish Divergence’. which could be a positive chart signal. The pair is likely to go up.
Next a ‘MACD-Hist Bullish Divergence’ indicator signal is discovered. The indicator shows ‘MACD-Hist Bullish Divergence’. which could be a positive chart signal. The pair is likely to go up.
Next a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which could be a positive chart scenario. The currency pair is likely to rise.
Next a ‘Northern Doji’ chart pattern is existing. The chart forms ‘Northern Doji’. this is a bullish chart scenario. The 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 | 1.39284 |
| 2nd High | 1.38785 |
| Next High | 1.38445 |
| Current Price | 1.38311 |
| Next Low | 1.38163 |
| 2nd Low | 1.37852 |
| 3rd Low | 1.37564 |
1.38445 – 1.38426 – 1.38426 – 1.38163 – 1.37852 – 1.38235 —
1.38255 – 1.38218 —
45.086152876223 – 42.813454923329 —
– —
1.38445 – 1769047200
Trading Signals: FOREX – USD – USD/CAD – CAD – Northern Doji – Head and Shoulder chart pattern – – – – – – – –