USD/CAD – 1H – BUY

The combination US Dollar/Canadian Dollar (USD/CAD) breaks through the ascending trendline up.

A continuation of the upward movement upwards to the next resistance line at 1.37389 is certain.

Caution: A possible change in the direction of support at 1.36283 could happen.
Consider stop-loss settings accordingly.

Also there is a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. this is usually a bullish signal. The pair is likely to go up.

Also there is a ‘Bullish Engulfing’ candle chart pattern is found. The chart shows ‘Bullish Engulfing’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ going up is 63%.

1.36996 – 1.36856 – 1.37022 – 1.36283 – 1.34929 – 1.34812 —
1.36711 – 1.37096 —
41.53709240921 – 64.249344376543 —
– —
1.36996 – 1770292800

Trading Signals: FOREX – USD – USD/CAD – CAD – Bullish Engulfing – Double top retreat up – – – – – – – –