USD/CAD – 4H – BUYThe currency pair US Dollar/Canadian Dollar (USD/CAD) jumps from the bullish trendline up.
A continuation of the uptrend upwards to the next resistance level at 1.44669 will persist.
Caution: A possible reversal of the trend in the direction of the support line at 1.43349 could happen.
Consider stop-loss settings accordingly.
There is also 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 | |
| 2nd High | |
| Next High | 1.44669 |
| Current Price | 1.44049 |
| Next Low | 1.43349 |
| 2nd Low | 1.41193 |
| 3rd Low | 1.40100 |
Trading Signals: FOREX – USD – USD/CAD – CAD – Three White Soldiers