The currency pair US Dollar/Canadian Dollar (USD/CAD) moves from the descending trendline upwards
A bullish movement up to the next resistance at 1.35777 will persist.
Caution: A possible reversal of the trend in the direction of the support line at should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘MACD crosses above signal’ indicator signal is found. The indicator is ‘MACD crosses above signal’. this is usually a bullish chart signal. The currency pair is likely to rise.
Then a ‘Three White Soldiers’ candle pattern is detected. The candles form ‘Three White Soldiers’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.36146 |
| 2nd High | 1.36076 |
| Next High | 1.35777 |
| Current Price | 1.35016 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.35777 – 1.36076 – 1.36146 – 1.35091 – 1.35354 – 1.35586 —
1.35014 – 1.35060 —
40.632554310379 – 40.75803796882 —
– —
1.35777 – 1769707800
Trading Signals: FOREX – USD – USD/CAD – CAD – Three White Soldiers – – – – – – – – –