USD/CAD – 30M – BUY

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

The bullish trend up to the next resistance line at 1.36719 will continue.

Caution: A possible trend reversal in the direction of the support zone at 1.3643 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart signal. The currency pair is likely to fall.

Next a ‘Bearish SBS White Lines’ candle pattern is detected. The candles show ‘Bearish SBS White Lines’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).

1.36719 – 1.36765 – 1.36634 – 1.3643 – 1.36308 – 1.36345 —
1.36609 – 1.36743 —
49.480608583874 – 59.405786458383 —
– —
1.36719 – 1776871800

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