USD/CAD – 30M – BUYThe combination US Dollar/Canadian Dollar (USD/CAD) breaks through the ascending trendline upwards
A continuation of the uptrend upwards to the next resistance level at 1.36337 is certain.
Caution: A possible change in the direction of support at 1.35762 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Bullish Belt Hold’ chart pattern is detected. 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 success rate of a ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.3716 |
| 2nd High | 1.36742 |
| Next High | 1.36337 |
| Current Price | 1.36313 |
| Next Low | 1.35762 |
| 2nd Low | 1.35545 |
| 3rd Low | 1.35418 |
1.36337 – 1.36044 – 1.36048 – 1.35762 – 1.3578 – 1.35545 —
1.36433 – 1.36272 —
72.176646951763 – 54.053399005951 —
– —
1.36337 – 1773338400
Trading Signals: FOREX – USD – USD/CAD – CAD – Bullish Belt Hold – – – – – – – – –