USD/CAD – 4H – BUYThe currency pair US Dollar/Canadian Dollar (USD/CAD) goes from the bearish trendline up.
A bullish movement up to the next resistance level at 1.44632 will persist.
Caution: A possible trend reversal in the direction of the support level at 1.41193 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Three White Soldiers’ candlestick pattern is detected. The chart shows ‘Three White Soldiers’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.44669 |
| Next High | 1.44632 |
| Current Price | 1.43594 |
| Next Low | 1.41193 |
| 2nd Low | 1.40100 |
| 3rd Low | 1.39802 |
Trading Signals: FOREX – USD – USD/CAD – CAD – Three White Soldiers