USD/CAD – 30M – BUYThe currency pair US Dollar/Canadian Dollar (USD/CAD) breaks through the bearish trendline up.
A bullish trend up to the next resistance at 1.39779 is certain.
Caution: A possible change in the direction of the support zone at 1.39502 could occur.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Three White Soldiers’ chart pattern is discovered. The chart shows ‘Three White Soldiers’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.40363 |
| 2nd High | 1.40142 |
| Next High | 1.39779 |
| Current Price | 1.39681 |
| Next Low | 1.39502 |
| 2nd Low | 1.39304 |
| 3rd Low | 1.39249 |
Trading Signals: FOREX – USD – USD/CAD – CAD – Three White Soldiers