The currency pair US Dollar/Canadian Dollar (USD/CAD) jumps from the ascending trendline up.
A continuation of the uptrend upwards to the next resistance at 1.36432 is certain.
Caution: A possible counter-trend in the direction of support at 1.35777 could occur.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart signal. The currency pair could go up.
There is also a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. this is usually a bullish chart scenario. The pair is likely to go up.
There is also a ‘Three White Soldiers’ candle chart pattern is existing. The candles show ‘Three White Soldiers’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.36887 |
| 2nd High | 1.36761 |
| Next High | 1.36432 |
| Current Price | 1.36340 |
| Next Low | 1.35777 |
| 2nd Low | 1.3575 |
| 3rd Low | 1.35499 |
1.36432 – 1.36415 – 1.3641 – 1.35777 – 1.36063 – 1.36039 —
1.36295 – 1.36321 —
42.336679129382 – 49.703394703411 —
– —
1.36432 – 1778146200
Trading Signals: FOREX – USD – USD/CAD – CAD – Three White Soldiers – – – – – – – – –