USD/CAD – 30M – BUYMoreover a ‘MACD crosses above signal’ indicator layout is discovered. The indicator shows ‘MACD crosses above signal’. this is usually a bullish chart signal. The pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will continue. Target of the current trend is 1.419235 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance level at 1.41973 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Bullish Belt Hold’ candlestick chart pattern is found. The chart shows ‘Bullish Belt Hold’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.42241 |
| 2nd High | 1.42187 |
| Next High | 1.41973 |
| Current Price | 1.41756 |
| Next Low | 1.41499 |
| 2nd Low | 1.41449 |
| 3rd Low | 1.41343 |
1.41973 – 1.42187 – 1.42241 – 1.41499 – 1.41915 – 1.42089 —
1.41736 – 1.41714 —
38.917136006452 – 43.379869533747 —
– —
1.41973 – 1783047600
Trading Signals: FOREX – USD – USD/CAD – CAD – Bullish Belt Hold – – – – – – – – –