USD/CAD – 30M – BUYThe pair US Dollar/Canadian Dollar (USD/CAD) breaks through the bearish trendline up.
The bullish trend upwards to the next resistance line at 1.37022 is certain.
Caution: A possible reversal of the trend in the direction of support at 1.3651 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘RSI Hidden Bullish Divergence’ indicator layout is detected. The indicator shows ‘RSI Hidden Bullish Divergence’. Dieses ist oftmals ein bearisches chart signal. Das Paar wird voraussichtlich nach unten gehen.
Moreover a ‘StochOSC Hidden Bullish Divergence’ indicator layout is detected. The indicator shows ‘StochOSC Hidden Bullish Divergence’. Dieses ist oftmals ein bearisches chart signal. Das Paar wird voraussichtlich nach unten gehen.
Moreover a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which is often a bullish chart signal. The currency pair could go up.
Moreover a ‘Bearish SBS White Lines’ candlestick chart pattern is found. The candles show ‘Bearish SBS White Lines’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.37993 |
| 2nd High | 1.37389 |
| Next High | 1.37022 |
| Current Price | 1.36657 |
| Next Low | 1.3651 |
| 2nd Low | 1.36246 |
| 3rd Low | 1.34929 |
1.37022 – 1.36745 – 1.36575 – 1.3651 – 1.36246 – 1.34929 —
1.36846 – 1.36716 —
60.647879678618 – 40.312609159602 —
– —
1.37022 – 1770062400
Trading Signals: FOREX – USD – USD/CAD – CAD – Bearish SBS White Lines – – – – – – – – –