USD/CAD – 30M – BUYThe currency pair US Dollar/Canadian Dollar (USD/CAD) breaks through the bullish trendline upwards
A continuation of the bullish trend upwards to the next resistance at 1.38717 is expected.
Caution: A possible counter-trend in the direction of support at 1.37564 could happen.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which is often a bullish signal. The currency pair could go up.
There is also a ‘Northern Doji’ candle pattern is detected. The candles form ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.39604 |
| 2nd High | 1.3952 |
| Next High | 1.38717 |
| Current Price | 1.38368 |
| Next Low | 1.37564 |
| 2nd Low | 1.37512 |
| 3rd Low | 1.37448 |
1.38266 – 1.3825 – 1.3776 – 1.37564 – 1.37512 – 1.37448 —
1.38049 – 1.38309 —
35.94899722771 – 62.915609978478 —
– —
1.38266 – 1767780000
Trading Signals: FOREX – USD – USD/CAD – CAD – Northern Doji – – – – – – – – –