USD/CAD – 30M – BUYThe pair US Dollar/Canadian Dollar (USD/CAD) breaks through the bearish trendline upwards
A bullish ascent upwards to the next resistance at 1.35809 is considered certain.
Caution: A possible reversal of the trend in the direction of the support zone at 1.35252 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘StochOSC Hidden Bullish Divergence’ indicator signal is discovered. The indicator is ‘StochOSC Hidden Bullish Divergence’. chart signal.
Furthermore a ‘Three Outside Up’ candlestick chart pattern is existing. The candles show ‘Three Outside Up’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.36742 |
| 2nd High | 1.36063 |
| Next High | 1.35809 |
| Current Price | 1.35968 |
| Next Low | 1.35252 |
| 2nd Low | 1.35039 |
| 3rd Low | 1.34929 |
1.35809 – 1.36063 – 1.36742 – 1.35599 – 1.35252 – 1.35451 —
1.35980 – 1.35933 —
57.811034162676 – 55.068944913876 —
– —
1.35809 – 1773055800
Trading Signals: FOREX – USD – USD/CAD – CAD – Three Outside Up – – – – – – – – –