USD/CAD – 30M – BUY

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

A bullish ascent up to the next resistance line at 1.38426 will persist.

Caution: A possible change in the direction of the support level at 1.38141 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘MACD crosses above signal’ indicator layout is found. The indicator is ‘MACD crosses above signal’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Moreover a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. this is usually a bullish signal. The pair is likely to go up.

Moreover a ‘Northern Doji’ chart pattern is existing. The chart forms ‘Northern Doji’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.38426 – 1.38426 – 1.38406 – 1.38235 – 1.38141 – 1.38593 —
1.38119 – 1.38134 —
26.789718289892 – 44.938010881228 —
– —
1.38426 – 1768995000

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