USD/CAD – 30M – BUYThe currency pair US Dollar/Canadian Dollar (USD/CAD) goes from the bullish trendline down.
The bearish trend downwards to the next support line at 1.42984 is likely expected.
Caution: A possible trend reversal in the direction of resistance at 1.43233 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Three White Soldiers’ candle chart pattern is detected. The candles show ‘Three White Soldiers’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.43233 |
| Current Price | 1.43232 |
| Next Low | 1.42984 |
| 2nd Low | 1.42222 |
| 3rd Low | 1.42190 |
Trading Signals: FOREX – USD – USD/CAD – CAD – Three White Soldiers