USD/CAD – 30M – BUY

The pair US Dollar/Canadian Dollar (USD/CAD) moves from the bearish trendline up.

A bullish movement up to the next resistance at 1.37284 is likely expected.

Caution: A possible change in the direction of the support level at 1.36676 could be enabled.
Consider stop-loss settings accordingly.

Additionally a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which is often a bullish chart signal. The currency pair is likely to rise.

Additionally a ‘Northern Doji’ chart pattern is existing. The chart shows ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.37284 – 1.37071 – 1.37030 – 1.36676 – 1.36704 – 1.36692

Trading Signals: FOREX – USD – USD/CAD – CAD – Northern Doji