USD/CAD – 1H – BUY

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

A continuation of the upward movement upwards to the next resistance at 1.3815 is likely expected.

Caution: A possible counter-trend in the direction of the support zone at 1.37512 could happen.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Northern Doji’ candlestick chart pattern is detected. The candles show ‘Northern Doji’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.3815 – 1.37277 – 1.37086 – 1.37512 – 1.37448 – 1.37 —
1.38076 – 1.38387 —
53.49184352987 – 68.356450109162 —
– —
1.38150 – 1767625200

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