USD/CAD – 1H – BUY

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

A bullish ascent upwards to the next resistance level at 1.37590 is expected.

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

And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish signal. The pair is likely to go up.

Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Target of the current trend is 1.36987 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance zone at 1.37590 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Northern Doji’ candlestick pattern is existing. The candles show ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.37590 – 1.37543 – 1.37977 – 1.35997 – 1.36273 – 1.36173

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