USD/CAD – 30M – BUY

The combination US Dollar/Canadian Dollar (USD/CAD) breaks through the ascending trendline upwards

A continuation of the upward movement up to the next resistance at 1.38296 is considered certain.

Caution: A possible counter-trend in the direction of the support zone at 1.37874 is also possible.
Consider stop-loss settings accordingly.

Then a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which is often a bullish signal. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 1.38193 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance line at 1.38296 is also possible.
Consider stop-loss settings accordingly.

Then a ‘Northern Doji’ candlestick pattern is detected. The chart shows ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.38193 – 1.38192 – 1.37735 – 1.37874 – 1.37443 – 1.36012 — 69.525721158365 – 70.744006879506 — 100 – 100 – 92.109395883454 – 100

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