USD/CAD – 1H – BUY

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

A continuation of the upward movement up to the next resistance level at 1.41396 is expected.

Caution: A possible change in the direction of the support line at 1.3971 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. this is usually a bullish chart signal. The currency pair could go up.

Also there is a ‘Northern Doji’ candle pattern is discovered. 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 chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.40649 – 1.4062 – 1.40213 – 1.3971 – 1.40138 – 1.39896 —
1.40624 – 1.40711 —
65.312002893338 – 60.224149943803 —
– —
1.40649 – 1763578800

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