The combination US Dollar/Canadian Dollar (USD/CAD) breaks through the descending trendline up.
A bullish movement up to the next resistance level at 1.36044 will continue.
Caution: A possible trend reversal in the direction of the support level at 1.35762 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which could be a positive chart signal. The pair is likely to go up.
Also there is a ‘Three White Soldiers’ chart pattern is detected. The chart forms ‘Three White Soldiers’. this is a bullish signal. 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 | 1.36063 |
| 2nd High | 1.36048 |
| Next High | 1.36044 |
| Current Price | 1.36079 |
| Next Low | 1.35762 |
| 2nd Low | 1.35545 |
| 3rd Low | 1.35418 |
1.36044 – 1.36048 – 1.35854 – 1.35762 – 1.3578 – 1.35545 —
1.35899 – 1.36034 —
49.252491787477 – 62.524842490825 —
– —
1.36044 – 1773284400
Trading Signals: FOREX – USD – USD/CAD – CAD – Three White Soldiers – – – – – – – – –