USD/CAD – 30M – BUY

The combination US Dollar/Canadian Dollar (USD/CAD) breaks through the bullish trendline up.

A continuation of the upward movement up to the next resistance line at 1.37022 is certain.

Caution: A possible change in the direction of the support line at 1.36521 could be enabled.
Consider stop-loss settings accordingly.

Also there is a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which could be a positive signal. The currency pair is likely to rise.

Also there is a ‘Bearish SBS White Lines’ chart pattern is discovered. The chart forms ‘Bearish SBS White Lines’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).

1.36996 – 1.36928 – 1.36838 – 1.36521 – 1.36573 – 1.36283 —
1.37101 – 1.37040 —
63.240118726478 – 51.202677595755 —
– —
1.36996 – 1770292800

Trading Signals: FOREX – USD – USD/CAD – CAD – Bearish SBS White Lines – – – – – – – – –