USD/CAD – 30M – BUYThe combination US Dollar/Canadian Dollar (USD/CAD) breaks through the bullish trendline up.
A continuation of the uptrend up to the next resistance line at 1.39956 is certain.
Caution: A possible trend reversal in the direction of the support level at 1.39502 could happen.
Consider stop-loss settings accordingly.
In addition a ‘StochRSI %K line crosses above %D line’ indicator signal is found. The indicator is ‘StochRSI %K line crosses above %D line’. which is often a bullish signal. The currency pair could go up.
In addition a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which could be a positive chart signal. The currency pair could go up.
In addition a ‘Northern Doji’ candle chart pattern is existing. The candles show ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.40495 |
| 2nd High | 1.40235 |
| Next High | 1.39956 |
| Current Price | 1.39931 |
| Next Low | 1.39502 |
| 2nd Low | 1.39312 |
| 3rd Low | 1.38989 |
1.39922 – 1.39901 – 1.39956 – 1.39502 – 1.39546 – 1.3953 —
1.39843 – 1.39915 —
57.121569022073 – 52.037703568369 —
– —
1.39922 – 1781544600
Trading Signals: FOREX – USD – USD/CAD – CAD – Northern Doji – – – – – – – – –