USD/CAD – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is likely expected. Current target is 1.364875 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of resistance at 1.37389 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Concealing Baby Swallow’ chart pattern is discovered. The chart shows ‘Concealing Baby Swallow’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Concealing Baby Swallow’ going down is 75% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.38329 |
| 2nd High | 1.37993 |
| Next High | 1.37389 |
| Current Price | 1.36006 |
| Next Low | 1.35586 |
| 2nd Low | 1.35561 |
| 3rd Low | 1.35395 |
1.37389 – 1.37196 – 1.37126 – 1.35586 – 1.36752 – 1.36713 —
1.35903 – 1.36089 —
32.161351829287 – 44.169451754881 —
– —
1.37389 – 1769499000
Trading Signals: FOREX – USD – USD/CAD – CAD – Concealing Baby Swallow – – – – – – – – –