USD/CAD – 4H – BUY

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

A bullish trend upwards to the next resistance line at 1.37022 is certain.

Caution: A possible reversal of the trend in the direction of the support line at should always be considered.
Consider stop-loss settings accordingly.

Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish signal. The currency pair could go up.

Additionally a ‘Bearish SBS White Lines’ chart pattern is discovered. The chart shows ‘Bearish SBS White Lines’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).

1.37022 – 1.39284 – 1.39193 – 1.36283 – 1.34812 – 1.38547 —
1.36490 – 1.36996 —
52.745278904116 – 54.112335367603 —
1.36283 – 1770192000 —
1.37022 – 1770062400

Trading Signals: FOREX – USD – USD/CAD – CAD – Bearish SBS White Lines – – – – – – – – –