USD/CAD – 30M – BUYThe pair US Dollar/Canadian Dollar (USD/CAD) moves from the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance at 1.37181 will persist.
Caution: A possible trend reversal in the direction of the support line at 1.36601 could happen.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which is often a bullish signal. The currency pair could go up.
In addition a ‘Bearish SBS White Lines’ candlestick pattern is detected. The candles form ‘Bearish SBS White Lines’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.37389 |
| 2nd High | 1.37246 |
| Next High | 1.37181 |
| Current Price | 1.36736 |
| Next Low | 1.36601 |
| 2nd Low | 1.36597 |
| 3rd Low | 1.36404 |
1.37181 – 1.36865 – 1.36733 – 1.36601 – 1.36597 – 1.36404 —
1.37358 – 1.36765 —
68.259993809624 – 39.739227518315 —
– —
1.37181 – 1772476200
Trading Signals: FOREX – USD – USD/CAD – CAD – Bearish SBS White Lines – – – – – – – – –