USD/CAD – 30M – BUY

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

An ascending movement upwards to the next resistance line at 1.36962 is expected.

Caution: A possible trend reversal in the direction of the support zone at 1.36713 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘%K crosses above %D’ indicator signal is discovered. The indicator is ‘%K crosses above %D’. which is often a bullish signal. The currency pair could go up.

Besides a ‘MACD-Hist Hidden Bullish Divergence’ indicator signal is discovered. The indicator is ‘MACD-Hist Hidden Bullish Divergence’. which is often a bullish signal. The currency pair could go up.

Besides a ‘Northern Doji’ chart pattern is existing. The chart forms ‘Northern Doji’. this is a bullish signal. The currency pair is likely to rise. 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).

1.36962 – 1.37993 – 1.38329 – 1.36713 – 1.37833 – 1.37815 —
1.36878 – 1.37004 —
47.430184039799 – 41.73084697041 —
– —
1.36962 – 1769419800

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