USD/CAD – 1H – BUY

The currency pair US Dollar/Canadian Dollar (USD/CAD) jumps from the bullish trendline up.

A continuation of the uptrend up to the next resistance line at 1.3815 is certain.

Caution: A possible counter-trend in the direction of the support line at could occur.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart scenario. The pair is likely to go up.

Next a ‘MACD crosses above signal’ indicator signal is detected. The indicator shows ‘MACD crosses above signal’. which is often a bullish chart scenario. The pair is likely to go up.

Next a ‘Bullish Belt Hold’ candlestick chart pattern is discovered. The candles show ‘Bullish Belt Hold’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).

1.3815 – 1.37277 – 1.37086 – 1.37448 – 1.37 – 1.3688 —
1.37657 – 1.37819 —
46.375105325028 – 53.914460215212 —
– —
1.38150 – 1767625200

Trading Signals: FOREX – USD – USD/CAD – CAD – Bullish Belt Hold – Double top chart pattern – – – – – – – –