The currency pair US Dollar/Canadian Dollar (USD/CAD) breaks through the bearish trendline upwards
A bullish trend up to the next resistance level at 1.3977 is likely expected.
Caution: A possible change in the direction of the support line at 1.39251 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish signal. The pair is likely to go up.
Besides a ‘%K crosses above %D’ indicator signal is existing. The indicator shows ‘%K crosses above %D’. this is usually a bullish signal. The pair is likely to go up.
Besides a ‘%K crosses above %D’ indicator signal is existing. The indicator shows ‘%K crosses above %D’. this is usually a bullish signal. The pair is likely to go up.
Besides a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which could be a positive chart scenario. The pair is likely to go up.
Besides a ‘Northern Doji’ candlestick chart pattern is existing. The chart shows ‘Northern Doji’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.40495 |
| 2nd High | 1.40142 |
| Next High | 1.3977 |
| Current Price | 1.39597 |
| Next Low | 1.39251 |
| 2nd Low | 1.38876 |
| 3rd Low | 1.3885 |
1.3977 – 1.39691 – 1.40142 – 1.39251 – 1.39571 – 1.39403 —
1.39573 – 1.39544 —
50.96343147092 – 48.490625017858 —
– —
1.39770 – 1764860400
Trading Signals: FOREX – USD – USD/CAD – CAD – Northern Doji – – – – – – – – –