USD/CAD – 30M – BUY

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

An ascent upwards to the next resistance level at 1.36856 is considered certain.

Caution: A possible trend reversal in the direction of the support line at 1.36321 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish signal. The pair is likely to go up.

There is also a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which is often a bullish chart signal. The pair is likely to go up.

Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is considered certain. Current target is 1.37022 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the resistance level at 1.36856 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Three White Soldiers’ candlestick pattern is existing. The chart shows ‘Three White Soldiers’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ heading up is 82%.

1.36504 – 1.36856 – 1.37022 – 1.36321 – 1.3651 – 1.36246 —
1.36368 – 1.36490 —
37.301021234352 – 56.056120884046 —
– —
1.36504 – 1770181200

Trading Signals: FOREX – USD – USD/CAD – CAD – Three White Soldiers – – – – – – – – –