Buy USD/CAD – 4H – BUY

The combination US Dollar/Canadian Dollar (USD/CAD) moves from the bearish trendline downwards

A continuation of the downward movement down to the next support level at 1.43379 is considered certain.

Caution: A possible trend reversal in the direction of resistance at 1.44492 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Three Outside Down’ candlestick chart pattern is found. The candles show ‘Three Outside Down’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

Support & Resistance Price Range*
3rd High
2nd High 1.44669
Next High 1.44492
Current Price 1.44009
Next Low 1.43379
2nd Low 1.43349
3rd Low 1.41193

Download USD/CAD Signal Image

Trading Signals:

Forex and Crypto Live Trading Signals - MyLiveSignals