USD/CAD – 30M – BUY

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

A continuation of the bullish trend upwards to the next resistance at 1.41068 is expected.

Caution: A possible counter-trend in the direction of support at 1.40833 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart signal. The currency pair could go up.

Next a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which could be a positive chart signal. The currency pair could go up.

Next a ‘Bullish Engulfing’ chart pattern is existing. The chart forms ‘Bullish Engulfing’. 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 probability of ‘Bullish Engulfing’ going up is 63%.

1.41068 – 1.40649 – 1.4062 – 1.40833 – 1.40394 – 1.40413 —
1.40950 – 1.41120 —
53.596527492492 – 47.584698403994 —
– —
1.41068 – 1763667000

Trading Signals: FOREX – USD – USD/CAD – CAD – Bullish Engulfing – – – – – – – – –