USD/CAD – 4H – BUY

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

A bullish ascent upwards to the next resistance line at 1.37104 is considered certain.

Caution: A possible change in the direction of the support zone at 1.35499 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive signal. The currency pair could go up.

Furthermore a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which is often a bullish signal. The pair is likely to go up.

Furthermore a ‘Northern Doji’ candle pattern is detected. The chart forms ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.37104 – 1.37142 – 1.38775 – 1.35499 – 1.35971 – 1.36308 —
1.36031 – 1.36432 —
36.698175609439 – 52.019010930067 —
– —
1.37104 – 1777478400

Trading Signals: FOREX – USD – USD/CAD – CAD – Northern Doji – Rising Wedge Chart Pattern – – – – – – – –