USD/CAD – 4H – BUY

The combination US Dollar/Canadian Dollar (USD/CAD) goes from the descending trendline upwards

A bullish ascent up to the next resistance line at 1.37142 is expected.

Caution: A possible trend reversal in the direction of the support level at 1.35252 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘RSI Bullish Divergence’ indicator signal is detected. The indicator shows ‘RSI Bullish Divergence’. Dieses ist oftmals ein bullisches chart signal. Die Paarung wird wahrscheinlich steigen.

Next a ‘Bullish Belt Hold’ candle pattern is discovered. The candles form ‘Bullish Belt Hold’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).

1.37142 – 1.38775 – 1.3949 – 1.36308 – 1.38689 – 1.36696 —
1.36991 – 1.36357 —
46.187824212992 – 37.264867777486 —
– —
1.37142 – 1777003200

Trading Signals: FOREX – USD – USD/CAD – CAD – Bullish Belt Hold – – – – – – – – –