USD/CAD – 30M – BUYThe pair US Dollar/Canadian Dollar (USD/CAD) moves from the bearish trendline upwards
An ascent upwards to the next resistance level at 1.35777 will continue.
Caution: A possible counter-trend in the direction of the support zone at could happen.
Consider stop-loss settings accordingly.
And also a ‘Bullish Engulfing’ candlestick pattern is found. The chart forms ‘Bullish Engulfing’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.36146 |
| 2nd High | 1.36076 |
| Next High | 1.35777 |
| Current Price | 1.34925 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.35777 – 1.36076 – 1.36146 – 1.35091 – 1.35354 – 1.35586 —
1.35184 – 1.34977 —
44.550998852626 – 39.085742390786 —
– —
1.35777 – 1769707800
Trading Signals: FOREX – USD – USD/CAD – CAD – Bullish Engulfing – – – – – – – – –