Buy USD/CAD – 30M – BUY

The currency pair US Dollar/Canadian Dollar (USD/CAD) moves from the ascending trendline upwards

A continuation of the bullish trend up to the next resistance at 1.38397 is expected.

Caution: A possible reversal of the trend in the direction of the support zone at 1.37599 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Target of the current trend is 1.38401506 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of resistance at 1.38397 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Northern Doji’ candlestick chart pattern is existing. The candles show ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

Support & Resistance Price Range*
3rd High 1.38671
2nd High 1.38620
Next High 1.38397
Current Price 1.38182
Next Low 1.37599
2nd Low
3rd Low

1.38397 – 1.38620 – 1.38010 – 1.37599 – 1.38026 – 1.37958

Download USD/CAD Signal Image

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