USD/CAD – 30M – BUYIn addition a ‘Falling Wedge Chart Pattern’ chart pattern is discovered. The chart shows ‘Falling Wedge Chart Pattern’. this is a bullish chart scenario. The currency pair is likely to go up.
The combination US Dollar/Canadian Dollar (USD/CAD) breaks through the descending trendline upwards
A bullish movement upwards to the next resistance at 1.36743 is certain.
Caution: A possible change in the direction of the support level at 1.36496 is also possible.
Consider stop-loss settings accordingly.
In addition a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which could be a positive chart signal. The currency pair is likely to rise.
In addition a ‘Northern Doji’ candlestick chart pattern is discovered. The chart forms ‘Northern Doji’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.36926 |
| 2nd High | 1.36900 |
| Next High | 1.36743 |
| Current Price | 1.36664 |
| Next Low | 1.36496 |
| 2nd Low | 1.36342 |
| 3rd Low |
1.36743 – 1.36900 – 1.36926 – 1.36496 – 1.36633 – 1.36676
Trading Signals: FOREX – USD – USD/CAD – CAD – Northern Doji