USD/CAD – 30M – BUYThe currency pair US Dollar/Canadian Dollar (USD/CAD) breaks through the bearish trendline up.
A bullish trend up to the next resistance level at 1.37993 is expected.
Caution: A possible reversal of the trend in the direction of support at 1.37 could happen.
Consider stop-loss settings accordingly.
Moreover a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which is often a bullish chart scenario. The currency pair is likely to rise.
Moreover a ‘Three White Soldiers’ candle pattern is existing. The chart forms ‘Three White Soldiers’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.38445 |
| 2nd High | 1.38329 |
| Next High | 1.37993 |
| Current Price | 1.37056 |
| Next Low | 1.37 |
| 2nd Low | 1.3688 |
| 3rd Low | 1.36793 |
1.36962 – 1.37993 – 1.38329 – 1.37833 – 1.37815 – 1.38163 —
1.36892 – 1.36878 —
38.642106386278 – 47.430184457673 —
– —
1.36962 – 1769419800
Trading Signals: FOREX – USD – USD/CAD – CAD – Three White Soldiers – – – – – – – – –