USD/CAD – 4H – BUY

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

An ascent upwards to the next resistance at 1.4062 will continue.

Caution: A possible counter-trend in the direction of the support level at 1.39849 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish chart scenario. The currency pair could go up.

And also a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which could be a positive chart scenario. The pair is likely to go up.

And also a ‘Bearish Harami Cross’ candlestick pattern is discovered. The chart forms ‘Bearish Harami Cross’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Harami Cross’ heading down is 57% (Bull Market) & 56% (Bear Market).

1.4062 – 1.41401 – 1.39859 – 1.39849 – 1.40007 – 1.38876 —
1.40554 – 1.40196 —
51.614903010064 – 49.21032599453 —
– —
1.40620 – 1763438400

Trading Signals: FOREX – USD – USD/CAD – CAD – Bearish Harami Cross – – – – –