USD/CAD – 1H – BUY

The combination US Dollar/Canadian Dollar (USD/CAD) breaks through the descending trendline upwards

A bullish movement upwards to the next resistance line at 1.37071 is likely expected.

Caution: A possible reversal of the trend in the direction of the support level at 1.36692 should be noted.
Consider stop-loss settings accordingly.

And also a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which is often a bullish chart signal. The currency pair could go up.

And also a ‘Northern Doji’ candlestick pattern is discovered. The candles show ‘Northern Doji’. 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 chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.37071 – 1.37041 – 1.36760 – 1.36692 – 1.36342 – 1.36521

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