USD/CAD – 30M – BUYThe pair US Dollar/Canadian Dollar (USD/CAD) breaks through the bullish trendline up.
A continuation of the bullish trend upwards to the next resistance level at 1.37993 will continue.
Caution: A possible change in the direction of the support level at 1.37253 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. this is usually a bullish chart scenario. The currency pair could go up.
Moreover a ‘Three White Soldiers’ candlestick pattern is discovered. The chart shows ‘Three White Soldiers’. which 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 White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.38445 |
| 2nd High | 1.38329 |
| Next High | 1.37993 |
| Current Price | 1.37722 |
| Next Low | 1.37253 |
| 2nd Low | 1.36696 |
| 3rd Low | 1.36527 |
1.37613 – 1.37352 – 1.37543 – 1.37253 – 1.36696 – 1.37004 —
1.37552 – 1.37652 —
57.73041279687 – 61.725943155844 —
– —
1.37613 – 1774344600
Trading Signals: FOREX – USD – USD/CAD – CAD – Three White Soldiers – – – – – – – – –