USD/CAD – 4H – BUY

The currency pair US Dollar/Canadian Dollar (USD/CAD) jumps from the descending trendline upwards

The bullish trend upwards to the next resistance line at 1.40142 is likely expected.

Caution: A possible change in the direction of the support level at 1.37994 is also possible.
Consider stop-loss settings accordingly.

Besides a ‘%K crosses above %D’ indicator layout is detected. The indicator shows ‘%K crosses above %D’. which is often a bullish chart signal. The currency pair could go up.

Besides a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which is often a bullish chart scenario. The currency pair is likely to rise.

Besides a ‘Northern Doji’ candlestick chart pattern is discovered. The candles form ‘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 likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.40142 – 1.40508 – 1.41246 – 1.37994 – 1.39377 – 1.3971 —
1.38605 – 1.37991 —
37.713189837493 – 27.844557571277 —
– —
1.40142 – 1764676800

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