USD/CAD – 30M – BUYThe combination US Dollar/Canadian Dollar (USD/CAD) jumps from the ascending trendline upwards
A continuation of the upward movement up to the next resistance level at 1.44326 is expected.
Caution: A possible reversal of the trend in the direction of the support level at 1.43633 should be noted.
Consider stop-loss settings accordingly.
In addition a ‘Three White Soldiers’ candlestick chart pattern is found. The chart forms ‘Three White Soldiers’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.44669 |
| 2nd High | 1.44492 |
| Next High | 1.44326 |
| Current Price | 1.43809 |
| Next Low | 1.43633 |
| 2nd Low | 1.43379 |
| 3rd Low | 1.43349 |
Trading Signals: FOREX – USD – USD/CAD – CAD – Three White Soldiers