USD/CAD – 30M – BUYThe combination US Dollar/Canadian Dollar (USD/CAD) moves from the ascending trendline down.
The bearish trend downwards to the next support level at 1.43496 is certain.
Caution: A possible counter-trend in the direction of the resistance line at 1.44199 could be enabled.
Consider stop-loss settings accordingly.
And also a ‘Three White Soldiers’ chart pattern is existing. The candles form ‘Three White Soldiers’. which is a positive signal. The currency pair is likely to rise. 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 | 1.44352 |
| 2nd High | 1.44329 |
| Next High | 1.44199 |
| Current Price | 1.43991 |
| Next Low | 1.43496 |
| 2nd Low | 1.43462 |
| 3rd Low | 1.43349 |
Trading Signals: FOREX – USD – USD/CAD – CAD – Three White Soldiers