USD/CAD – 1H – BUYThe combination US Dollar/Canadian Dollar (USD/CAD) breaks through the descending trendline up.
The bullish trend up to the next resistance line at 1.42472 will continue.
Caution: A possible change in the direction of the support level at 1.41778 is also possible.
Consider stop-loss settings accordingly.
And also a ‘StochOSC Hidden Bullish Divergence’ indicator layout is found. The indicator shows ‘StochOSC Hidden Bullish Divergence’. Dieses ist oftmals ein bullisches signal. Das Paar tendiert eventuell nach oben.
And also a ‘Bearish SBS White Lines’ candlestick pattern is detected. The candles form ‘Bearish SBS White Lines’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.42734 |
| 2nd High | 1.42478 |
| Next High | 1.42472 |
| Current Price | 1.42087 |
| Next Low | 1.41778 |
| 2nd Low | 1.41749 |
| 3rd Low | 1.41688 |
1.42472 – 1.42175 – 1.42093 – 1.41778 – 1.41749 – 1.41688 —
1.42223 – 1.42140 —
53.565929651374 – 44.203606713011 —
– —
1.42472 – 1782828000
Trading Signals: FOREX – USD – USD/CAD – CAD – Bearish SBS White Lines – – – – – – – – –