USD/CAD – 1H – BUY

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

A bullish trend upwards to the next resistance line at 1.41305 will continue.

Caution: A possible trend reversal in the direction of the support level at 1.40812 should be noted.
Consider stop-loss settings accordingly.

There is also a ‘RSI Hidden Bullish Divergence’ indicator layout is detected. The indicator shows ‘RSI Hidden Bullish Divergence’. Dieses ist oftmals ein bearisches chart scenario. Das Paar wird voraussichtlich nach unten gehen.

Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend will continue. Target of the current trend is 1.41305 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the resistance level at 1.41305 should be noted.
Consider stop-loss settings accordingly.

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

1.41305 – 1.41068 – 1.40649 – 1.40812 – 1.40394 – 1.3971 —
1.40993 – 1.40948 —
52.294264707649 – 50.651333971251 —
– —
1.41305 – 1763748000

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