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
Trading Signals: FOREX – USD – USD/CAD – CAD – Three White Soldiers – Rising Wedge Chart Pattern – – – – – – – –