USD/CAD – 30M – BUYThe pair US Dollar/Canadian Dollar (USD/CAD) moves from the bullish trendline upwards
A continuation of the bullish trend upwards to the next resistance level at 1.37181 is likely expected.
Caution: A possible change in the direction of the support zone at 1.36601 could happen.
Consider stop-loss settings accordingly.
In addition a ‘Three White Soldiers’ candle chart pattern is detected. The candles form ‘Three White Soldiers’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.37389 |
| 2nd High | 1.37246 |
| Next High | 1.37181 |
| Current Price | 1.37327 |
| Next Low | 1.36601 |
| 2nd Low | 1.36597 |
| 3rd Low | 1.36404 |
1.37181 – 1.36865 – 1.36733 – 1.36601 – 1.36597 – 1.36404 —
1.37029 – 1.37094 —
65.73534164284 – 59.540852231065 —
– —
1.37181 – 1772476200
Trading Signals: FOREX – USD – USD/CAD – CAD – Three White Soldiers – – – – – – – – –