USD/CAD – 30M – BUYThe pair US Dollar/Canadian Dollar (USD/CAD) goes from the ascending trendline up.
A continuation of the uptrend upwards to the next resistance at 1.36191 will persist.
Caution: A possible change in the direction of the support level at could happen.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish chart signal. The currency pair could go up.
In addition a ‘StochRSI %K line crosses above %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart signal. The currency pair could go up.
In addition a ‘RSI Hidden Bullish Divergence’ indicator signal is detected. The indicator shows ‘RSI Hidden Bullish Divergence’. this is usually a bullish chart signal. The currency pair could go up.
In addition a ‘MACD Hidden Bullish Divergence’ indicator signal is detected. The indicator shows ‘MACD Hidden Bullish Divergence’. this is usually a bullish chart signal. The currency pair is likely to rise.
In addition a ‘MACD-Hist Hidden Bullish Divergence’ indicator signal is detected. The indicator shows ‘MACD-Hist Hidden Bullish Divergence’. this is usually a bullish chart signal. The currency pair could go up.
Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend will persist. Target of the current trend is 1.36191 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the resistance zone at 1.36191 could happen.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Three Outside Up’ candlestick chart pattern is existing. The chart forms ‘Three Outside Up’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.36887 |
| 2nd High | 1.36761 |
| Next High | 1.36191 |
| Current Price | 1.36129 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.36191 – 1.35956 – 1.3593 – 1.36010 – 1.3575 – 1.35499 —
1.36119 – 1.36104 —
52.25078473635 – 48.537385828266 —
1.36010 – 1777917600 —
1.36191 – 1777899600
Trading Signals: FOREX – USD – USD/CAD – CAD – Three Outside Up – – – – – – – – –