USD/CAD – 30M – BUYThe currency pair US Dollar/Canadian Dollar (USD/CAD) breaks through the bearish trendline up.
A bullish trend upwards to the next resistance at 1.39842 will persist.
Caution: A possible change in the direction of the support level at 1.39308 could happen.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Three White Soldiers’ candlestick pattern is found. The chart forms ‘Three White Soldiers’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.40363 |
| 2nd High | 1.40142 |
| Next High | 1.39842 |
| Current Price | 1.39839 |
| Next Low | 1.39308 |
| 2nd Low | 1.39304 |
| 3rd Low | 1.39249 |
Trading Signals: FOREX – USD – USD/CAD – CAD – Three White Soldiers