USD/CAD – 30M – BUYCorrection of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 1.36355 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the resistance level at 1.36355 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Northern Doji’ candlestick pattern is discovered. The candles show ‘Northern Doji’. 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 ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.37243 |
| 2nd High | 1.36734 |
| Next High | 1.36355 |
| Current Price | 1.36189 |
| Next Low | 1.36056 |
| 2nd Low | 1.35551 |
| 3rd Low | 1.35502 |
1.36355 – 1.35963 – 1.36186 – 1.36056 – 1.35551 – 1.35647 —
1.36159 – 1.36183 —
57.854372664285 – 58.641241987093 —
– —
1.36355 – 1770919200
Trading Signals: FOREX – USD – USD/CAD – CAD – Northern Doji – – – – – – – – –