Buy USD/CAD – 30M – BUY

The currency pair US Dollar/Canadian Dollar (USD/CAD) goes from the bullish trendline down.

A descending movement down to the next support level at 1.40156 is considered certain.

Caution: A possible counter-trend in the direction of the resistance level at 1.41778 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Three Outside Up’ chart pattern is found. The chart forms ‘Three Outside Up’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

Support & Resistance Price Range*
3rd High
2nd High
Next High 1.41778
Current Price 1.41477
Next Low 1.40156
2nd Low 1.40100
3rd Low 1.40089

Download USD/CAD Signal Image

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