USD/CAD – 30M – BUY

The pair US Dollar/Canadian Dollar (USD/CAD) moves from the ascending trendline upwards

A continuation of the uptrend upwards to the next resistance at 1.36671 is expected.

Caution: A possible counter-trend in the direction of the support zone at 1.36378 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which is often a bullish chart scenario. The currency pair could go up.

There is also a ‘Northern Doji’ candle chart pattern is detected. The candles show ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.36671 – 1.36183 – 1.36823 – 1.36378 – 1.35907 – 1.35997

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