The pair US Dollar/Canadian Dollar (USD/CAD) breaks through the bearish trendline up.
A bullish trend upwards to the next resistance at 1.41185 is certain.
Caution: A possible trend reversal in the direction of the support line at 1.41026 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish signal. The currency pair could go up.
In addition a ‘RSI Hidden Bullish Divergence’ indicator layout is found. The indicator is ‘RSI Hidden Bullish Divergence’. which is often a bullish signal. The currency pair could go up.
In addition a ‘MACD-Hist Hidden Bullish Divergence’ indicator layout is found. The indicator is ‘MACD-Hist Hidden Bullish Divergence’. which is often a bullish signal. The currency pair could go up.
In addition a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. which could be a positive signal. The pair is likely to go up.
In addition a ‘Northern Doji’ candle chart pattern is detected. The candles form ‘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 success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.41396 |
| 2nd High | 1.41258 |
| Next High | 1.41185 |
| Current Price | 1.41102 |
| Next Low | 1.41026 |
| 2nd Low | 1.40911 |
| 3rd Low | 1.40889 |
1.41185 – 1.41043 – 1.41068 – 1.41026 – 1.40911 – 1.40889 —
1.41239 – 1.41101 —
57.475036143797 – 40.653617766815 —
– —
1.41185 – 1764012600
Trading Signals: FOREX – USD – USD/CAD – CAD – Northern Doji – – – – – – – – –