USD/CAD – 30M – BUYCorrection of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend is certain. Target of the current trend is 1.3815 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of resistance at 1.3815 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Northern Doji’ candle pattern is discovered. The chart shows ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to rise. 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 | 1.38717 |
| 2nd High | 1.38225 |
| Next High | 1.3815 |
| Current Price | 1.37912 |
| Next Low | 1.37512 |
| 2nd Low | 1.37448 |
| 3rd Low | 1.37 |
1.3776 – 1.3815 – 1.37475 – 1.37512 – 1.37448 – 1.37 —
1.37851 – 1.37964 —
65.760671298638 – 66.116008435411 —
– —
1.37760 – 1767666600
Trading Signals: FOREX – USD – USD/CAD – CAD – Northern Doji – – – – – – – – –