USD/CAD – 30M – BUYThe combination US Dollar/Canadian Dollar (USD/CAD) breaks through the bearish trendline up.
An ascent up to the next resistance level at 1.44043 will persist.
Caution: A possible trend reversal in the direction of the support line at 1.43496 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Three White Soldiers’ candlestick pattern is detected. The candles show ‘Three White Soldiers’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.44329 |
| 2nd High | 1.44199 |
| Next High | 1.44043 |
| Current Price | 1.44016 |
| Next Low | 1.43496 |
| 2nd Low | 1.43462 |
| 3rd Low | 1.43349 |
Trading Signals: FOREX – USD – USD/CAD – CAD – Three White Soldiers