USD/CAD – 30M – BUYThe currency pair US Dollar/Canadian Dollar (USD/CAD) moves from the descending trendline up.
An ascent up to the next resistance level at 1.41006 is likely expected.
Caution: A possible reversal of the trend in the direction of the support line at 1.40344 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘RSI Bullish Divergence’ indicator signal is found. The indicator is ‘RSI Bullish Divergence’. chart signal.
Furthermore a ‘Northern Doji’ chart pattern is existing. The candles show ‘Northern Doji’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.41246 |
| 2nd High | 1.41047 |
| Next High | 1.41006 |
| Current Price | 1.40344 |
| Next Low | 1.40344 |
| 2nd Low | 1.3971 |
| 3rd Low | 1.39265 |
1.41006 – 1.41047 – 1.41246 – 1.40344 – 1.40675 – 1.40892 —
1.40377 – 1.40315 —
29.723917053135 – 30.358893840423 —
– —
1.41006 – 1764172800
Trading Signals: FOREX – USD – USD/CAD – CAD – Northern Doji – – – – – – – – –