The pair US Dollar/Canadian Dollar (USD/CAD) breaks through the bullish trendline upwards
A continuation of the bullish trend up to the next resistance line at 1.40387 is expected.
Caution: A possible change in the direction of support at 1.4014 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Northern Doji’ chart pattern is found. The candles form ‘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 probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.41258 |
| 2nd High | 1.4045 |
| Next High | 1.40387 |
| Current Price | 1.40529 |
| Next Low | 1.4014 |
| 2nd Low | 1.40138 |
| 3rd Low | 1.39849 |
1.40387 – 1.4045 – 1.40128 – 1.40235 – 1.4014 – 1.40138 —
1.40547 – 1.40532 —
72.240728894168 – 62.303231796375 —
– —
1.40387 – 1763357400
Trading Signals: FOREX – USD – USD/CAD – CAD – Northern Doji – – – – –