USD/CAD – 30M – BUYCorrection of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Target of the current trend is 1.38733 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 1.38921 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Northern Doji’ candlestick chart pattern is discovered. The chart shows ‘Northern Doji’. this 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 ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.39045 |
| 2nd High | 1.38986 |
| Next High | 1.38921 |
| Current Price | 1.38846 |
| Next Low | 1.38493 |
| 2nd Low | 1.38421 |
| 3rd Low | 1.38396 |
1.38921 – 1.38986 – 1.39045 – 1.38493 – 1.38495 – 1.38581
Trading Signals: FOREX – USD – USD/CAD – CAD – Northern Doji