USD/CAD – 30M – BUYBesides a ‘Falling Wedge Chart Pattern’ chart formation is discovered. The chart picture forms ‘Falling Wedge Chart Pattern’. which is a bullish chart scenario. The currency pair is likely to go up.
The currency pair US Dollar/Canadian Dollar (USD/CAD) breaks through the descending trendline up.
An ascent upwards to the next resistance level at 1.36068 is considered certain.
Caution: A possible counter-trend in the direction of the support zone at 1.35395 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. this is usually a bullish chart scenario. The currency pair could go up.
Besides a ‘Northern Doji’ candlestick chart pattern is discovered. The chart shows ‘Northern Doji’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.36514 |
| 2nd High | 1.36502 |
| Next High | 1.36068 |
| Current Price | 1.35781 |
| Next Low | 1.35395 |
| 2nd Low | |
| 3rd Low |
1.36068 – 1.36502 – 1.36514 – 1.35395 – 1.35766 – 1.35659
Trading Signals: FOREX – USD – USD/CAD – CAD – Northern Doji