USD/CAD – 30M – BUY

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

A bullish trend upwards to the next resistance at 1.3952 is considered certain.

Caution: A possible reversal of the trend in the direction of support at 1.38134 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘RSI Bullish Divergence’ indicator signal is existing. The indicator shows ‘RSI Bullish Divergence’. In der Regel bedeutet das ein negatives signal. Das Paar tendiert eventuell nach unten.

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

Also there is a ‘Northern Doji’ candle chart pattern is discovered. The candles show ‘Northern Doji’. which 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).

1.38288 – 1.3952 – 1.39604 – 1.38134 – 1.39251 – 1.39571 —
1.38238 – 1.38138 —
42.959580111953 – 29.822459983523 —
– —
1.38288 – 1765186200

Trading Signals: FOREX – USD – USD/CAD – CAD – Northern Doji – Symmetrical Triangle Chart Pattern – – – – – – – –