Buy USD/CAD – 4H – BUY

The pair US Dollar/Canadian Dollar (USD/CAD) goes from the descending trendline up.

A bullish trend upwards to the next resistance at 1.3716 will continue.

Caution: A possible trend reversal in the direction of the support line at 1.35039 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Three White Soldiers’ candle pattern is existing. The chart shows ‘Three White Soldiers’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.

Support & Resistance Price Range*
3rd High 1.39284
2nd High 1.37525
Next High 1.3716
Current Price 1.35970
Next Low 1.35039
2nd Low 1.34812
3rd Low

1.3716 – 1.37525 – 1.37122 – 1.36247 – 1.36482 – 1.35039 —
1.36742 – 1.35980 —
35.7126543308 – 42.219105564942 —
– —
1.3716 – 1772726400

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