USD/CAD – 30M – BUYThe combination US Dollar/Canadian Dollar (USD/CAD) moves from the bullish trendline up.
A continuation of the uptrend up to the next resistance level at 1.36925 will persist.
Caution: A possible counter-trend in the direction of the support zone at 1.36319 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Bullish Belt Hold’ candlestick chart pattern is found. The candles show ‘Bullish Belt Hold’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.37389 |
| 2nd High | 1.37243 |
| Next High | 1.36925 |
| Current Price | 1.36590 |
| Next Low | 1.36319 |
| 2nd Low | 1.3628 |
| 3rd Low | 1.36031 |
1.36925 – 1.36528 – 1.36384 – 1.36319 – 1.36366 – 1.3628 —
1.36477 – 1.36556 —
53.890028653119 – 58.871769458049 —
– —
1.36925 – 1771349400
Trading Signals: FOREX – USD – USD/CAD – CAD – Bullish Belt Hold – – – – – – – – –