USD/CAD – 1H – BUY

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

A continuation of the uptrend up to the next resistance line at 1.37525 will continue.

Caution: A possible change in the direction of the support level at 1.36875 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart signal. The pair is likely to go up.

Additionally a ‘MACD crosses above signal’ indicator layout is detected. The indicator is ‘MACD crosses above signal’. which could be a positive chart signal. The pair is likely to go up.

Additionally a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. this is usually a bullish chart scenario. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Target of the current trend is 1.37413 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance zone at 1.37525 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Three Outside Up’ candle chart pattern is discovered. The chart forms ‘Three Outside Up’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

1.37223 – 1.37413 – 1.36048 – 1.36875 – 1.3687 – 1.368 —
1.37436 – 1.37374 —
58.917574759626 – 51.347696886872 —
– —
1.37223 – 1773770400

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