USD/CAD – 1H – BUY

The pair US Dollar/Canadian Dollar (USD/CAD) moves from the descending trendline up.

A bullish trend upwards to the next resistance line at 1.37284 is likely expected.

Caution: A possible counter-trend in the direction of the support level at 1.36633 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. this is usually a bullish chart scenario. The currency pair could go up.

Then a ‘Northern Doji’ candlestick chart pattern is discovered. The candles form ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.37284 – 1.37071 – 1.37041 – 1.36633 – 1.36692 – 1.36342

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