USD/CAD – 1H – BUY

The combination US Dollar/Canadian Dollar (USD/CAD) moves from the ascending trendline upwards

A continuation of the uptrend up to the next resistance at 1.39193 will continue.

Caution: A possible counter-trend in the direction of support at 1.38669 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

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

Next a ‘RSI Bullish Divergence’ indicator signal is detected. The indicator is ‘RSI Bullish Divergence’. which is often a bullish chart signal. The pair is likely to go up.

Next a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. this is usually a bullish chart signal. The currency pair is likely to rise.

Next a ‘Northern Doji’ candlestick pattern is discovered. The chart shows ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.39193 – 1.38879 – 1.3815 – 1.38669 – 1.38504 – 1.37899 —
1.38765 – 1.38835 —
46.478617227488 – 44.456201656823 —
– —
1.39193 – 1767999600

Trading Signals: FOREX – USD – USD/CAD – CAD – Northern Doji – Inverse Head and Shoulder chart pattern – – – – – – – –