USD/CAD – 30M – BUY

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

An ascent upwards to the next resistance line at 1.39075 is expected.

Caution: A possible reversal of the trend in the direction of the support level at is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish chart scenario. The pair is likely to go up.

Furthermore a ‘Northern Doji’ chart pattern is found. The chart shows ‘Northern Doji’. this is a bullish signal. The currency pair is likely to rise. 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).

1.39075 – 1.38964 – 1.38976 – 1.38659 – 1.38547 – 1.3867 —
1.39008 – 1.39081 —
55.378590601177 – 41.854181130282 —
– —
1.39075 – 1768473000

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