USD/CAD – 4H – BUYIn addition a ” indicator layout is detected. The indicator shows ”. this is usually a bullish chart scenario. The currency pair could go up.
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In addition a ‘%K crosses above %D’ indicator layout is detected. The indicator shows ‘%K crosses above %D’. this is usually a bullish chart scenario. The currency pair could go up.
In addition a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which could be a positive chart signal. The currency pair is likely to rise.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Target of the current trend is 1.39263844 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance zone at 1.38054 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Northern Doji’ candlestick pattern is discovered. The chart shows ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to go up. 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 | 1.40142 |
| 2nd High | 1.38717 |
| Next High | 1.38054 |
| Current Price | 1.38450 |
| Next Low | 1.36421 |
| 2nd Low | 1.35561 |
| 3rd Low | 1.35395 |
1.38054 – 1.37977 – 1.38717 – 1.36421 – 1.37301 – 1.37994 —
1.37698 – 1.38140 —
60.876553060055 – 61.167098637356 —
– —
1.38054 – 1766174400
Trading Signals: FOREX – USD – USD/CAD – CAD – Northern Doji – – – – – – – – –