USD/CAD – 1H – BUY

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

A bullish trend up to the next resistance at 1.36856 will continue.

Caution: A possible change in the direction of the support level at could occur.
Consider stop-loss settings accordingly.

And also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive chart scenario. The currency pair is likely to rise.

And also a ‘StochRSI %K line crosses above %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses above %D line’. which could be a positive chart scenario. The currency pair is likely to rise.

And also a ‘Three Line Strike – Bullish’ candle pattern is detected. The chart shows ‘Three Line Strike – Bullish’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Line Strike – Bullish’ heading up is 83% (Bear Market).

1.36856 – 1.37022 – 1.35777 – 1.36283 – 1.34929 – 1.34812 —
1.36889 – 1.36874 —
60.634061720753 – 45.850523294782 —
– —
1.36856 – 1770120000

Trading Signals: FOREX – USD – USD/CAD – CAD – Three Line Strike – Bullish – – – – – – – – –