Buy USD/CAD – 1H – BUY

The combination US Dollar/Canadian Dollar (USD/CAD) jumps from the ascending trendline downwards

A bearish movement downwards to the next support level at is considered certain.

Caution: A possible reversal of the trend in the direction of resistance at 1.38921 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The currency pair could go down.

Furthermore a ‘Northern Doji’ chart pattern is existing. The chart shows ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

Support & Resistance Price Range*
3rd High 1.39045
2nd High 1.38986
Next High 1.38921
Current Price 1.38552
Next Low
2nd Low
3rd Low

1.38921 – 1.38986 – 1.39045 – 1.38396 – 1.37978 – 1.37927

Download USD/CAD Signal Image

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