USD/CAD – 30M – BUYThe currency pair US Dollar/Canadian Dollar (USD/CAD) breaks through the bearish trendline up.
A bullish trend upwards to the next resistance at 1.41973 is certain.
Caution: A possible change in the direction of the support level at 1.41499 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. this is usually a bullish signal. The currency pair is likely to rise.
In addition a ‘Three White Soldiers’ candle pattern is discovered. The candles show ‘Three White Soldiers’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.42241 |
| 2nd High | 1.42187 |
| Next High | 1.41973 |
| Current Price | 1.41852 |
| Next Low | 1.41499 |
| 2nd Low | 1.41449 |
| 3rd Low | 1.41343 |
1.41973 – 1.42187 – 1.42241 – 1.41499 – 1.41915 – 1.42089 —
1.41658 – 1.41813 —
30.994210620171 – 54.209130668403 —
– —
1.41973 – 1783047600
Trading Signals: FOREX – USD – USD/CAD – CAD – Three White Soldiers – – – – – – – – –