USD/CAD – 1H – BUY

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

A bullish trend up to the next resistance level at 1.36355 is considered certain.

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

Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive chart signal. The currency pair is likely to rise.

Furthermore a ‘Bearish SBS White Lines’ candle pattern is detected. The chart forms ‘Bearish SBS White Lines’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).

1.36355 – 1.36186 – 1.35761 – 1.35551 – 1.35039 – 1.35229 —
1.36168 – 1.36259 —
61.38213891171 – 49.519494512606 —
– —
1.36355 – 1770919200

Trading Signals: FOREX – USD – USD/CAD – CAD – Bearish SBS White Lines – Symmetrical Triangle Chart Pattern – – – – – – – –