USD/CAD – 1H – BUY

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

A bullish trend upwards to the next resistance line at 1.40495 will persist.

Caution: A possible reversal of the trend in the direction of the support line at 1.40283 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘%K crosses below %D’ indicator signal is existing. The indicator is ‘%K crosses below %D’. which could be a negative chart scenario. The pair is likely to go down.

And also a ‘Northern Doji’ candlestick chart pattern is detected. The candles show ‘Northern Doji’. this is a bullish chart scenario. 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).

1.40495 – 1.41006 – 1.41246 – 1.40283 – 1.40812 – 1.40394 —
1.40313 – 1.40410 —
36.033906276868 – 46.607703685792 —
– —
1.40495 – 1764244800

Trading Signals: FOREX – USD – USD/CAD – CAD – Northern Doji – Double bottom retreat down – – – – – – – –