USD/CAD – 1H – BUY

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

A continuation of the upward movement upwards to the next resistance at 1.38717 is likely expected.

Caution: A possible reversal of the trend in the direction of the support level at 1.37899 should be noted.
Consider stop-loss settings accordingly.

And also a ‘Northern Doji’ chart pattern is detected. The chart shows ‘Northern Doji’. 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 chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.3815 – 1.37277 – 1.37086 – 1.37899 – 1.37512 – 1.37448 —
1.38557 – 1.38661 —
73.552669905708 – 69.608026712326 —
– —
1.38150 – 1767625200

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