USD/CAD – 30M – BUY

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

An ascending movement up to the next resistance line at 1.36183 is likely expected.

Caution: A possible trend reversal in the direction of the support level at 1.35997 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart signal. The pair is likely to go up.

In addition 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.

In addition a ‘Northern Doji’ candlestick pattern is found. The candles form ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to go up. 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).

1.36183 – 1.36823 – 1.37590 – 1.35997 – 1.36532 – 1.36273

Trading Signals: FOREX – USD – USD/CAD – CAD – Northern Doji – Double bottom retreat down