USD/CAD – 1H – BUYThe currency pair US Dollar/Canadian Dollar (USD/CAD) breaks through the bearish trendline upwards
A bullish trend up to the next resistance level at 1.36298 is considered certain.
Caution: A possible trend reversal in the direction of support at is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish signal. The pair is likely to go up.
Furthermore a ‘Bullish Tri-Star’ candlestick chart pattern is found. The chart shows ‘Bullish Tri-Star’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Tri-Star’ heading up is 60% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.37142 |
| 2nd High | 1.37104 |
| Next High | 1.36298 |
| Current Price | 1.36327 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.36298 – 1.36191 – 1.37104 – 1.35777 – 1.36039 – 1.35499 —
1.36182 – 1.36385 —
60.223941664993 – 64.199532732764 —
– —
1.36298 – 1777968000
Trading Signals: FOREX – USD – USD/CAD – CAD – Bullish Tri-Star – – – – – – – – –