USD/CAD – 30M – BUY

The combination US Dollar/Canadian Dollar (USD/CAD) goes from the descending trendline up.

The bullish trend upwards to the next resistance at 1.41047 is considered certain.

Caution: A possible counter-trend in the direction of the support level at 1.40394 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which could be a positive signal. The currency pair is likely to rise.

And also a ‘Northern Doji’ candlestick pattern is detected. The candles form ‘Northern Doji’. which is a positive chart scenario. 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’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.41047 – 1.41246 – 1.41185 – 1.40892 – 1.41026 – 1.40911 —
1.40758 – 1.40835 —
32.434481190369 – 49.163782783406 —
– —
1.41047 – 1764122400

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