USD/CAD – 1H – BUYFurthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart scenario. The pair is likely to go up.
Furthermore a ‘MACD crosses above signal’ indicator signal is detected. The indicator is ‘MACD crosses above signal’. which is often a bullish chart scenario. The pair is likely to go up.
Furthermore a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. this is usually a bullish chart signal. The currency pair is likely to rise.
Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 1.389155 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance line at 1.39284 should always be considered.
Consider stop-loss settings accordingly.
Furthermore a ‘Northern Doji’ candlestick pattern is detected. The chart forms ‘Northern Doji’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.40142 |
| 2nd High | 1.3977 |
| Next High | 1.39284 |
| Current Price | 1.38748 |
| Next Low | 1.38659 |
| 2nd Low | 1.38547 |
| 3rd Low | 1.38504 |
1.39284 – 1.39194 – 1.38979 – 1.38842 – 1.38659 – 1.38547 —
1.38718 – 1.38684 —
28.348681245939 – 33.41960875184 —
– —
1.39284 – 1768593600
Trading Signals: FOREX – USD – USD/CAD – CAD – Northern Doji – – – – – – – – –