USD/CAD – 1H – BUY

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

An ascent upwards to the next resistance at 1.36186 is considered certain.

Caution: A possible trend reversal in the direction of the support zone at 1.35551 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘StochRSI %K line crosses above %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses above %D line’. which could be a positive signal. The currency pair is likely to rise.

Additionally a ‘Northern Doji’ chart pattern is found. The chart shows ‘Northern Doji’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.36186 – 1.35761 – 1.36734 – 1.35551 – 1.35039 – 1.35229 —
1.36062 – 1.36137 —
61.168626500872 – 58.933548322301 —
– —
1.36186 – 1770829200

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