USD/CAD – 30M – BUYCorrection of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Current target is 1.3974 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance zone at 1.40207 could happen.
Consider stop-loss settings accordingly.
Moreover a ‘Three White Soldiers’ chart pattern is detected. The candles show ‘Three White Soldiers’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.41023 |
| 2nd High | 1.40363 |
| Next High | 1.40207 |
| Current Price | 1.39674 |
| Next Low | 1.39273 |
| 2nd Low | 1.39249 |
| 3rd Low | 1.39166 |
Trading Signals: FOREX – USD – USD/CAD – CAD – Three White Soldiers