USD/CAD – 1H – BUY

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

A bullish trend up to the next resistance level at 1.42385 is certain.

Caution: A possible change in the direction of the support zone at 1.41591 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘StochRSI Bullish Divergence’ indicator layout is existing. The indicator shows ‘StochRSI Bullish Divergence’. Dieses ist oftmals ein bullisches chart scenario. Die Paarung wird wahrscheinlich steigen.

Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Current target is 1.42195396 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the resistance line at 1.42385 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Northern Doji’ candle chart pattern is found. The candles show ‘Northern Doji’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.42385 – 1.41973 – 1.42241 – 1.4199 – 1.41591 – 1.41499 —
1.42175 – 1.41949 —
47.89469310407 – 32.388479080796 —
– —
1.42385 – 1783350000

Trading Signals: FOREX – USD – USD/CAD – CAD – Northern Doji – – – – – – – – –