USD/CAD – 30M – BUYThe currency pair US Dollar/Canadian Dollar (USD/CAD) breaks through the ascending trendline upwards
A continuation of the upward movement upwards to the next resistance line at 1.36791 is expected.
Caution: A possible trend reversal in the direction of support at 1.366 should be noted.
Consider stop-loss settings accordingly.
Additionally a ‘Three White Soldiers’ candle chart pattern is discovered. The chart shows ‘Three White Soldiers’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.37028 |
| 2nd High | 1.37003 |
| Next High | 1.36791 |
| Current Price | 1.36932 |
| Next Low | 1.366 |
| 2nd Low | 1.3643 |
| 3rd Low | 1.36308 |
1.36791 – 1.36719 – 1.36765 – 1.366 – 1.36638 – 1.3643 —
1.36799 – 1.36890 —
59.273414141298 – 58.839984968337 —
– —
1.36791 – 1776913200
Trading Signals: FOREX – USD – USD/CAD – CAD – Three White Soldiers – – – – – – – – –