USD/CAD – 1H – BUYThe currency pair US Dollar/Canadian Dollar (USD/CAD) goes from the bullish trendline down.
A bearish trend downwards to the next support at 1.43349 will continue.
Caution: A possible reversal of the trend in the direction of the resistance level at 1.44329 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Bullish Harami’ candlestick pattern is existing. The chart shows ‘Bullish Harami’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Harami’ heading up is 53% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.44669 |
| 2nd High | 1.44352 |
| Next High | 1.44329 |
| Current Price | 1.43577 |
| Next Low | 1.43349 |
| 2nd Low | 1.43043 |
| 3rd Low | 1.42165 |
Trading Signals: FOREX – USD – USD/CAD – CAD – Bullish Harami