USD/CAD – 1H – BUYThe pair US Dollar/Canadian Dollar (USD/CAD) goes from the descending trendline up.
An ascent up to the next resistance level at 1.36734 is considered certain.
Caution: A possible change in the direction of the support level at 1.34929 could happen.
Consider stop-loss settings accordingly.
Furthermore a ‘Three White Soldiers’ chart pattern is detected. The candles form ‘Three White Soldiers’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.37389 |
| 2nd High | 1.37243 |
| Next High | 1.36734 |
| Current Price | 1.35517 |
| Next Low | 1.34929 |
| 2nd Low | 1.34812 |
| 3rd Low |
1.36734 – 1.37243 – 1.36996 – 1.3548 – 1.36241 – 1.36521 —
1.35659 – 1.35413 —
34.68735921531 – 30.44126988133 —
– —
1.36734 – 1770598800
Trading Signals: FOREX – USD – USD/CAD – CAD – Three White Soldiers – – – – – – – – –