USD/CAD – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is certain. Current target is 1.419235 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 1.42187 should always be considered.
Consider stop-loss settings accordingly.
Besides a ‘Bearish SBS White Lines’ candle pattern is found. The chart forms ‘Bearish SBS White Lines’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.42348 |
| 2nd High | 1.42241 |
| Next High | 1.42187 |
| Current Price | 1.41725 |
| Next Low | 1.41499 |
| 2nd Low | 1.41449 |
| 3rd Low | 1.41343 |
1.42187 – 1.42241 – 1.42348 – 1.41499 – 1.41915 – 1.42089 —
1.41861 – 1.41795 —
47.281459978509 – 36.341104978132 —
– —
1.42187 – 1783004400
Trading Signals: FOREX – USD – USD/CAD – CAD – Bearish SBS White Lines – – – – – – – – –