USD/CAD – 1H – BUYThe pair US Dollar/Canadian Dollar (USD/CAD) breaks through the ascending trendline upwards
A continuation of the bullish trend upwards to the next resistance line at 1.38717 is expected.
Caution: A possible change in the direction of the support level at 1.37899 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Northern Doji’ candlestick chart pattern is existing. The candles form ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.40142 |
| 2nd High | 1.3977 |
| Next High | 1.38717 |
| Current Price | 1.38658 |
| Next Low | 1.37899 |
| 2nd Low | 1.37512 |
| 3rd Low | 1.37448 |
1.3815 – 1.37277 – 1.37086 – 1.37899 – 1.37512 – 1.37448 —
1.38314 – 1.38619 —
65.328309901993 – 73.127595518218 —
– —
1.38150 – 1767625200
Trading Signals: FOREX – USD – USD/CAD – CAD – Northern Doji – – – – – – – – –