USD/CAD – 30M – BUY

The pair US Dollar/Canadian Dollar (USD/CAD) moves from the descending trendline up.

A bullish ascent upwards to the next resistance at 1.37104 is likely expected.

Caution: A possible reversal of the trend in the direction of support at 1.36668 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘MACD Bullish Divergence’ indicator layout is existing. The indicator shows ‘MACD Bullish Divergence’. which could be a positive chart signal. The currency pair could go up.

Also there is a ‘MACD-Hist Bullish Divergence’ indicator layout is existing. The indicator shows ‘MACD-Hist Bullish Divergence’. chart signal.

Also there is a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which could be a positive chart scenario. The currency pair is likely to rise.

Also there is a ‘Bearish SBS White Lines’ candlestick pattern is existing. The candles show ‘Bearish SBS White Lines’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).

1.37104 – 1.36913 – 1.36357 – 1.36668 – 1.36671 – 1.36693 —
1.36802 – 1.36806 —
49.386026287373 – 37.093584131933 —
– —
1.37104 – 1777480200

Trading Signals: FOREX – USD – USD/CAD – CAD – Bearish SBS White Lines – Rising Wedge Chart Pattern – – – – – – – –