The currency pair US Dollar/Canadian Dollar (USD/CAD) breaks through the bearish trendline upwards
A bullish ascent up to the next resistance at 1.35761 will persist.
Caution: A possible reversal of the trend in the direction of the support zone at 1.35229 could happen.
Consider stop-loss settings accordingly.
There is also a ‘StochRSI %K line crosses above %D line’ indicator signal is found. The indicator shows ‘StochRSI %K line crosses above %D line’. this is usually a bullish signal. The pair is likely to go up.
There is also a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which is often a bullish signal. The pair is likely to go up.
There is also a ‘Three Outside Up’ chart pattern is discovered. The candles show ‘Three Outside Up’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.37243 |
| 2nd High | 1.36734 |
| Next High | 1.35761 |
| Current Price | 1.35534 |
| Next Low | 1.35229 |
| 2nd Low | 1.34929 |
| 3rd Low | 1.34812 |
1.35761 – 1.35679 – 1.36734 – 1.35229 – 1.3548 – 1.35524 —
1.35549 – 1.35491 —
47.664526220619 – 47.444025045722 —
– —
1.35761 – 1770733800
Trading Signals: FOREX – USD – USD/CAD – CAD – Three Outside Up – – – – – – – – –