USD/CAD – 4H – BUY

Furthermore a ‘Inverse Head and Shoulder chart pattern’ chart formation is detected. The chart forms ‘Inverse Head and Shoulder chart pattern’. which is a positive signal. The pair is likely to go up.

Furthermore a ‘Northern Doji’ candlestick pattern is detected. The chart shows ‘Northern Doji’. which is a bullish 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 ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.37590 – 1.37543 – 1.37977 – 1.36173 – 1.36782 – 1.35395

Trading Signals: FOREX – USD – USD/CAD – CAD – Northern Doji – Inverse Head and Shoulder chart pattern