USD/CAD – 30M – BUY

The pair US Dollar/Canadian Dollar (USD/CAD) breaks through the bearish trendline up.

An ascending movement up to the next resistance at 1.37022 is certain.

Caution: A possible counter-trend in the direction of the support level at 1.36246 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

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

Besides a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which is often a bullish chart signal. The pair is likely to go up.

Besides a ‘Three Outside Up’ candle pattern is detected. The chart forms ‘Three Outside Up’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

1.37022 – 1.36745 – 1.36575 – 1.36246 – 1.34929 – 1.34812 —
1.36600 – 1.36594 —
43.793127146256 – 42.874450038503 —
– —
1.37022 – 1770062400

Trading Signals: FOREX – USD – USD/CAD – CAD – Three Outside Up – – – – – – – – –