USD/CAD – 30M – BUYCorrection of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend will persist. Target of the current trend is 1.36460034 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support line at 1.36646 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Northern Doji’ chart pattern is existing. The chart forms ‘Northern Doji’. 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 probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.36887 |
| 2nd High | 1.36761 |
| Next High | 1.36646 |
| Current Price | 1.36592 |
| Next Low | 1.36198 |
| 2nd Low | 1.35777 |
| 3rd Low | 1.3575 |
1.36646 – 1.36447 – 1.36432 – 1.36198 – 1.35777 – 1.36063 —
1.36640 – 1.36595 —
74.196168063535 – 65.426108967747 —
– —
1.36646 – 1778202000
Trading Signals: FOREX – USD – USD/CAD – CAD – Northern Doji – – – – – – – – –