The currency pair US Dollar/Canadian Dollar (USD/CAD) breaks through the bearish trendline upwards
The bullish trend up to the next resistance line at 1.36733 is expected.
Caution: A possible change in the direction of the support zone at 1.36247 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish signal. The pair is likely to go up.
Besides a ‘MACD crosses above signal’ indicator signal is existing. The indicator shows ‘MACD crosses above signal’. which is often a bullish signal. The pair is likely to go up.
Besides a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. this is usually a bullish chart signal. The currency pair is likely to rise.
Besides a ‘Three Outside Up’ candle pattern is discovered. The candles form ‘Three Outside Up’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.37122 |
| 2nd High | 1.36844 |
| Next High | 1.36733 |
| Current Price | 1.36653 |
| Next Low | 1.36247 |
| 2nd Low | 1.36031 |
| 3rd Low | 1.35931 |
1.36733 – 1.36844 – 1.37122 – 1.36247 – 1.36619 – 1.36587 —
1.36801 – 1.36597 —
67.230038761912 – 51.950462379365 —
– —
1.36733 – 1772416800
Trading Signals: FOREX – USD – USD/CAD – CAD – Three Outside Up – – – – – – – – –