USD/CAD – 30M – BUY

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

A bullish ascent up to the next resistance line at 1.41258 is certain.

Caution: A possible counter-trend in the direction of the support level at 1.40911 could be enabled.
Consider stop-loss settings accordingly.

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive signal. The pair is likely to go up.

Also there is a ‘RSI Hidden Bullish Divergence’ indicator layout is existing. The indicator shows ‘RSI Hidden Bullish Divergence’. which could be a positive signal. The pair is likely to go up.

Also there is a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which could be a positive chart scenario. The currency pair could go up.

Also there is a ‘Northern Doji’ candlestick pattern is found. The candles form ‘Northern Doji’. which is a bullish chart scenario. The 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).

1.41043 – 1.41068 – 1.40649 – 1.40911 – 1.40889 – 1.40812 —
1.41144 – 1.41122 —
58.024883916442 – 48.13869898481 —
– —
1.41043 – 1763953200

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