USD/CAD – 1H – BUY

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

A continuation of the upward movement up to the next resistance at 1.40235 is expected.

Caution: A possible change in the direction of the support level at 1.39798 is also possible.
Consider stop-loss settings accordingly.

Also there is a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. this is usually a bullish chart signal. The pair is likely to go up.

Also there is a ‘Northern Doji’ chart pattern is discovered. The candles form ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.40181 – 1.39956 – 1.40235 – 1.39798 – 1.39502 – 1.3953 —
1.40069 – 1.40213 —
50.798763186405 – 66.347833640203 —
– —
1.40181 – 1781600400

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