USD/CAD – 30M – BUYCorrection of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is considered certain. Current target is 1.44492 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of resistance at 1.44492 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Three White Soldiers’ candlestick pattern is discovered. The candles show ‘Three White Soldiers’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.44669 |
| Next High | 1.44492 |
| Current Price | 1.44339 |
| Next Low | 1.43687 |
| 2nd Low | 1.43633 |
| 3rd Low | 1.43379 |
Trading Signals: FOREX – USD – USD/CAD – CAD – Three White Soldiers