USD/CAD – 30M – BUYThe currency pair US Dollar/Canadian Dollar (USD/CAD) breaks through the ascending trendline up.
A continuation of the bullish trend up to the next resistance line at 1.36761 will continue.
Caution: A possible trend reversal in the direction of the support level at 1.36198 could happen.
Consider stop-loss settings accordingly.
Additionally a ‘Three White Soldiers’ candle chart pattern is found. The candles show ‘Three White Soldiers’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.37104 |
| 2nd High | 1.36887 |
| Next High | 1.36761 |
| Current Price | 1.36582 |
| Next Low | 1.36198 |
| 2nd Low | 1.35777 |
| 3rd Low | 1.3575 |
1.36447 – 1.36432 – 1.36415 – 1.36198 – 1.35777 – 1.36063 —
1.36418 – 1.36535 —
49.311416822719 – 71.428006429805 —
– —
1.36447 – 1778173200
Trading Signals: FOREX – USD – USD/CAD – CAD – Three White Soldiers – – – – – – – – –