USD/CAD – 4H – BUYThe combination US Dollar/Canadian Dollar (USD/CAD) breaks through the bearish trendline upwards
A bullish ascent up to the next resistance level at 1.38145 will persist.
Caution: A possible trend reversal in the direction of the support level at 1.37827 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which is often a bullish signal. The pair is likely to go up.
Next a ‘Northern Doji’ candle pattern is existing. The candles show ‘Northern Doji’. which is a positive pattern 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 | 1.40045 |
| 2nd High | 1.39242 |
| Next High | 1.38145 |
| Current Price | 1.38135 |
| Next Low | 1.37827 |
| 2nd Low | 1.35561 |
| 3rd Low | 1.35395 |
1.38145 – 1.39242 – 1.3759 – 1.38141 – 1.37827 – 1.35561 — 58.656035363259 – 60.500711084043 — 74.815956171888 – 84.111482743596 – 68.956781130232 – 74.543311272763
Trading Signals: FOREX – USD – USD/CAD – CAD – Northern Doji – – –