USD/CAD – 30M – BUYThe currency pair US Dollar/Canadian Dollar (USD/CAD) breaks through the bullish trendline upwards
A continuation of the uptrend up to the next resistance at 1.44094 is certain.
Caution: A possible reversal of the trend in the direction of the support zone at 1.43388 could be enabled.
Consider stop-loss settings accordingly.
Additionally a ‘Bullish Tri-Star’ candlestick chart pattern is existing. The candles form ‘Bullish Tri-Star’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Tri-Star’ going up is 60% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.44669 |
| 2nd High | 1.44632 |
| Next High | 1.44094 |
| Current Price | 1.43905 |
| Next Low | 1.43388 |
| 2nd Low | 1.42974 |
| 3rd Low | 1.42791 |
Trading Signals: FOREX – USD – USD/CAD – CAD – Bullish Tri-Star