USD/CAD – 30M – BUYCorrection of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 1.36389124 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support level at 1.3716 could happen.
Consider stop-loss settings accordingly.
Furthermore a ‘Northern Doji’ candle chart pattern is detected. The chart forms ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.37993 |
| 2nd High | 1.37525 |
| Next High | 1.3716 |
| Current Price | 1.36632 |
| Next Low | 1.36151 |
| 2nd Low | 1.36031 |
| 3rd Low | 1.35931 |
1.3716 – 1.36703 – 1.369 – 1.36151 – 1.36265 – 1.36438 —
1.36772 – 1.36716 —
49.469011193482 – 44.556595789327 —
– —
1.3716 – 1772733600
Trading Signals: FOREX – USD – USD/CAD – CAD – Northern Doji – – – – – – – – –