USD/CAD – 1H – BUY

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

A bullish ascent upwards to the next resistance level at 1.36742 is likely expected.

Caution: A possible trend reversal in the direction of the support level at 1.35039 could happen.
Consider stop-loss settings accordingly.

Then a ‘StochRSI %K line crosses above %D line’ indicator layout is existing. The indicator shows ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart scenario. The currency pair is likely to rise.

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

1.36742 – 1.3716 – 1.37525 – 1.36151 – 1.36265 – 1.36529 —
1.35607 – 1.35425 —
29.255663368351 – 32.210881761016 —
– —
1.36742 – 1772812800

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