USD/CAD – 1H – BUYIn addition a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which is often a bullish chart signal. The pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 1-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 1.36015474 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the resistance line at 1.37389 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Bearish SBS White Lines’ candlestick pattern is found. The candles form ‘Bearish SBS White Lines’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.39284 |
| 2nd High | 1.38445 |
| Next High | 1.37389 |
| Current Price | 1.35513 |
| Next Low | 1.35354 |
| 2nd Low | |
| 3rd Low |
1.37389 – 1.38445 – 1.38426 – 1.35354 – 1.35586 – 1.36713 —
1.35867 – 1.35646 —
42.09269962328 – 33.412700592967 —
– —
1.37389 – 1769497200
Trading Signals: FOREX – USD – USD/CAD – CAD – Bearish SBS White Lines – – – – – – – – –