USD/CAD – 1H – BUYThe combination US Dollar/Canadian Dollar (USD/CAD) breaks through the descending trendline up.
A bullish ascent up to the next resistance at 1.36298 is likely expected.
Caution: A possible trend reversal in the direction of the support zone at 1.36039 could be enabled.
Consider stop-loss settings accordingly.
Besides a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. this is usually a bullish chart signal. The currency pair is likely to rise.
Besides a ‘Three Outside Up’ candle chart pattern is found. The chart shows ‘Three Outside Up’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.37142 |
| 2nd High | 1.37104 |
| Next High | 1.36298 |
| Current Price | 1.36342 |
| Next Low | 1.36039 |
| 2nd Low | 1.35499 |
| 3rd Low | 1.35418 |
1.36298 – 1.36191 – 1.37104 – 1.36039 – 1.35499 – 1.35971 —
1.35968 – 1.36235 —
39.122033613972 – 58.404796095208 —
– —
1.36298 – 1777968000
Trading Signals: FOREX – USD – USD/CAD – CAD – Three Outside Up – – – – – – – – –