USD/CAD – 30M – BUY

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

A bullish trend upwards to the next resistance at 1.38057 will persist.

Caution: A possible counter-trend in the direction of the support level at 1.37826 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Then a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which is often a bullish signal. The currency pair could go up.

Then a ‘Northern Doji’ candle chart pattern is discovered. The chart forms ‘Northern Doji’. which is a bullish 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’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.38057 – 1.37877 – 1.38575 – 1.37826 – 1.37877 – 1.37409 — 36.368724166084 – 39.371927094168 — 41.54981872188 – 53.024942122046 – 34.036605075787 – 42.088556909681

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