USD/CAD – 1H – BUYThe pair US Dollar/Canadian Dollar (USD/CAD) breaks through the bullish trendline upwards
A continuation of the upward movement upwards to the next resistance line at 1.38150 will continue.
Caution: A possible change in the direction of the support zone at 1.37 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Northern Doji’ candlestick pattern is found. The chart shows ‘Northern Doji’. which 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 ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.38150 |
| Current Price | 1.37694 |
| Next Low | 1.37 |
| 2nd Low | 1.3688 |
| 3rd Low | 1.36571 |
1.38150 – 1.37277 – 1.37086 – 1.37 – 1.3688 – 1.36571 —
1.38150 – 1.37666 —
73.293059897101 – 51.899950236616 —
1.38150 – 1767625200 —
– 1767625200
Trading Signals: FOREX – USD – USD/CAD – CAD – Northern Doji – – – – – – – – –