USD/CAD – 1H – BUY

The combination US Dollar/Canadian Dollar (USD/CAD) jumps from the bullish trendline up.

A continuation of the uptrend up to the next resistance level at 1.37525 is certain.

Caution: A possible reversal of the trend in the direction of the support level at 1.36031 should be noted.
Consider stop-loss settings accordingly.

Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart signal. The currency pair is likely to rise.

Then a ‘RSI Bullish Divergence’ indicator layout is existing. The indicator shows ‘RSI Bullish Divergence’. which is often a bullish chart signal. The currency pair is likely to rise.

Then a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which could be a positive signal. The pair is likely to go up.

Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Current target is 1.36886 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 1.37525 should be noted.
Consider stop-loss settings accordingly.

Then a ‘Three Outside Up’ candlestick pattern is found. The candles form ‘Three Outside Up’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

1.37525 – 1.37181 – 1.36844 – 1.36265 – 1.36529 – 1.36404 —
1.36538 – 1.36575 —
44.181418335529 – 46.210067555039 —
– —
1.37525 – 1772557200

Trading Signals: FOREX – USD – USD/CAD – CAD – Three Outside Up – – – – – – – – –