USD/CAD – 1H – BUY

The combination US Dollar/Canadian Dollar (USD/CAD) breaks through the ascending trendline upwards

A continuation of the upward movement upwards to the next resistance level at 1.3815 will persist.

Caution: A possible trend reversal in the direction of the support level at 1.37512 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Northern Doji’ candlestick pattern is detected. The candles form ‘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’ going up is 52% (Bull Market) & 51% (Bear Market).

1.3815 – 1.37277 – 1.37086 – 1.37512 – 1.37448 – 1.37 —
1.37739 – 1.37989 —
55.065275888055 – 64.944411002457 —
– —
1.38150 – 1767625200

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