USD/CAD – 1H – BUY

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 1.403115 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance level at 1.40495 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Northern Doji’ candlestick pattern is found. The candles show ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.40495 – 1.41006 – 1.41246 – 1.39377 – 1.40244 – 1.40283 —
1.39800 – 1.39865 —
37.660972817608 – 41.32867043955 —
– —
1.40495 – 1764244800

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