USD/CAD – 1H – BUYCorrection of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will persist. Target of the current trend is 1.363885 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance line at 1.36013 is within the realm of possibility.
Consider stop-loss settings accordingly.
And also a ‘Bullish Belt Hold’ candlestick pattern is existing. The chart shows ‘Bullish Belt Hold’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.3716 |
| 2nd High | 1.36742 |
| Next High | 1.36013 |
| Current Price | 1.35822 |
| Next Low | 1.35418 |
| 2nd Low | 1.35252 |
| 3rd Low | 1.35039 |
1.36013 – 1.36742 – 1.3716 – 1.35418 – 1.35252 – 1.36151 —
1.35788 – 1.35854 —
48.901205269425 – 52.542420158214 —
– —
1.36013 – 1773115200
Trading Signals: FOREX – USD – USD/CAD – CAD – Bullish Belt Hold – – – – – – – – –