USD/CAD – 30M – BUYCorrection of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend is certain. Current target is 1.36745 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the resistance level at 1.36745 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Three White Soldiers’ candle pattern is detected. The chart shows ‘Three White Soldiers’. this is a bullish chart scenario. The currency pair is likely to rise. 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 | 1.37993 |
| 2nd High | 1.37389 |
| Next High | 1.36745 |
| Current Price | 1.36367 |
| Next Low | 1.34929 |
| 2nd Low | 1.34812 |
| 3rd Low |
1.36745 – 1.36575 – 1.35453 – 1.34929 – 1.34812 – 1.35091 —
1.36545 – 1.36344 —
52.663530475857 – 50.6196151976 —
– —
1.36745 – 1770019200
Trading Signals: FOREX – USD – USD/CAD – CAD – Three White Soldiers – – – – – – – – –