USD/CAD – 30M – BUYThe pair US Dollar/Canadian Dollar (USD/CAD) breaks through the descending trendline upwards
An ascent upwards to the next resistance line at 1.38445 is likely expected.
Caution: A possible change in the direction of the support zone at 1.37852 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘%K crosses above %D’ indicator signal is found. The indicator shows ‘%K crosses above %D’. this is usually a bullish chart signal. The currency pair could go up.
Also there is a ‘Northern Doji’ candlestick chart pattern is detected. The chart shows ‘Northern Doji’. which is a positive chart scenario. The 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 | 1.39284 |
| 2nd High | 1.38785 |
| Next High | 1.38445 |
| Current Price | 1.38255 |
| Next Low | 1.37852 |
| 2nd Low | 1.37564 |
| 3rd Low | 1.37512 |
1.38445 – 1.38426 – 1.38426 – 1.37852 – 1.38235 – 1.38141 —
1.38273 – 1.38234 —
46.385192514718 – 44.243774453995 —
– —
1.38445 – 1769047200
Trading Signals: FOREX – USD – USD/CAD – CAD – Northern Doji – – – – – – – – –