The currency pair US Dollar/Canadian Dollar (USD/CAD) breaks through the bearish trendline up.
The bullish trend up to the next resistance line at 1.36504 is certain.
Caution: A possible reversal of the trend in the direction of the support line at 1.36283 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which is often a bullish chart scenario. The pair is likely to go up.
Additionally a ‘Three White Soldiers’ candlestick pattern is detected. The candles show ‘Three White Soldiers’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.37022 |
| 2nd High | 1.36856 |
| Next High | 1.36504 |
| Current Price | 1.36717 |
| Next Low | 1.36283 |
| 2nd Low | 1.36246 |
| 3rd Low | 1.34929 |
1.36504 – 1.36856 – 1.37022 – 1.36283 – 1.36321 – 1.3651 —
1.36739 – 1.36671 —
72.278337016685 – 61.258560027767 —
– —
1.36504 – 1770181200
Trading Signals: FOREX – USD – USD/CAD – CAD – Three White Soldiers – Symmetrical Triangle Chart Pattern – – – – – – – –