USD/CAD – 1H – BUY

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

A continuation of the upward movement up to the next resistance at 1.39194 is expected.

Caution: A possible trend reversal in the direction of the support level at 1.38659 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘%K crosses above %D’ indicator signal is discovered. The indicator is ‘%K crosses above %D’. this is usually a bullish chart signal. The pair is likely to go up.

In addition a ‘RSI Hidden Bullish Divergence’ indicator signal is discovered. The indicator is ‘RSI Hidden Bullish Divergence’. this is usually a bullish chart signal. The pair is likely to go up.

In addition a ‘Northern Doji’ candlestick chart pattern is detected. The candles show ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.39194 – 1.38979 – 1.39193 – 1.38659 – 1.38547 – 1.38669 —
1.38991 – 1.38890 —
52.339829674208 – 42.998737638378 —
– —
1.39194 – 1768492800

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