USD/CAD – 30M – BUYMoreover a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which could be a positive chart signal. The currency pair is likely to rise.
Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 1.39318586 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of resistance at 1.39481 is also possible.
Consider stop-loss settings accordingly.
Moreover a ‘Three White Soldiers’ candle chart pattern is existing. The chart forms ‘Three White Soldiers’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.39665 |
| 2nd High | 1.3949 |
| Next High | 1.39481 |
| Current Price | 1.39144 |
| Next Low | 1.38689 |
| 2nd Low | 1.38456 |
| 3rd Low | 1.38209 |
1.39481 – 1.3949 – 1.39264 – 1.39322 – 1.39175 – 1.38689 —
1.39229 – 1.39104 —
35.929308929161 – 25.322685846209 —
– —
1.39481 – 1775255400
Trading Signals: FOREX – USD – USD/CAD – CAD – Three White Soldiers – – – – – – – – –