USD/CAD – 1H – BUYThe combination US Dollar/Canadian Dollar (USD/CAD) moves from the ascending trendline upwards
A continuation of the uptrend up to the next resistance level at 1.41973 is considered certain.
Caution: A possible reversal of the trend in the direction of the support line at 1.41499 could happen.
Consider stop-loss settings accordingly.
Moreover a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. this is usually a bullish chart signal. The pair is likely to go up.
Moreover a ‘Three White Soldiers’ candlestick pattern is discovered. 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 success rate of a ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.42348 |
| 2nd High | 1.42241 |
| Next High | 1.41973 |
| Current Price | 1.41860 |
| Next Low | 1.41499 |
| 2nd Low | 1.41449 |
| 3rd Low | 1.39798 |
1.41973 – 1.42241 – 1.42348 – 1.41499 – 1.41778 – 1.41749 —
1.41882 – 1.41813 —
41.181008422584 – 47.506303504053 —
– —
1.41973 – 1783047600
Trading Signals: FOREX – USD – USD/CAD – CAD – Three White Soldiers – – – – – – – – –