USD/CAD – 30M – BUYThe currency pair US Dollar/Canadian Dollar (USD/CAD) breaks through the descending trendline up.
A bullish movement up to the next resistance line at 1.39193 is considered certain.
Caution: A possible trend reversal in the direction of the support zone at 1.3883 is within the realm of possibility.
Consider stop-loss settings accordingly.
Furthermore a ” indicator signal is detected. The indicator shows ”. which could be a positive signal. The currency pair could go up.
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Furthermore a ‘%K crosses above %D’ indicator signal is detected. The indicator shows ‘%K crosses above %D’. which could be a positive signal. The currency pair could go up.
Furthermore a ‘MACD-Hist Bullish Divergence’ indicator signal is detected. The indicator shows ‘MACD-Hist Bullish Divergence’. which could be a positive signal. The currency pair could go up.
Furthermore a ‘Northern Doji’ candlestick chart pattern is detected. The chart forms ‘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 likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.39604 |
| 2nd High | 1.3952 |
| Next High | 1.39193 |
| Current Price | 1.38741 |
| Next Low | 1.3883 |
| 2nd Low | 1.38645 |
| 3rd Low | 1.38545 |
1.39193 – 1.38757 – 1.38765 – 1.3883 – 1.38645 – 1.38545 —
1.38986 – 1.38781 —
48.882909241537 – 27.910266044807 —
– —
1.39193 – 1768001400
Trading Signals: FOREX – USD – USD/CAD – CAD – Northern Doji – – – – – – – – –