USD/CAD – 30M – BUYBesides a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish chart scenario. The pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Target of the current trend is 1.36146 at the Fibonacci level 0-Level. Caution: A possible change in the direction of resistance at 1.35453 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Three White Soldiers’ candlestick pattern is found. The chart forms ‘Three White Soldiers’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.36076 |
| 2nd High | 1.35777 |
| Next High | 1.35453 |
| Current Price | 1.36042 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.35453 – 1.35777 – 1.36076 – 1.34929 – 1.34812 – 1.35091 —
1.35438 – 1.35855 —
56.979155478916 – 62.127176310406 —
– —
1.35453 – 1769745600
Trading Signals: FOREX – USD – USD/CAD – CAD – Three White Soldiers – – – – – – – – –