USD/CAD – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Target of the current trend is 1.39286104 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance line at 1.39422 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
The chart formed a ‘Three White Soldiers’ candlestick pattern, which means 3 higher candles in a row.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.39448 |
| Next High | 1.39422 |
| Current Price | 1.39231 |
| Next Low | 1.38904 |
| 2nd Low | 1.38762 |
| 3rd Low | 1.38378 |