USD/CAD – 30M – BUY

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

A bullish trend upwards to the next resistance at 1.36076 will continue.

Caution: A possible trend reversal in the direction of the support zone at 1.35354 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘StochRSI %K line crosses above %D line’ indicator signal is discovered. The indicator shows ‘StochRSI %K line crosses above %D line’. this is usually a bullish signal. The currency pair is likely to rise.

There is also a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which could be a positive signal. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 1-Level.Continuation of the current ascending trend will continue. Current target is 1.3578949 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the resistance zone at 1.36076 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Three Outside Up’ candlestick chart pattern is discovered. The chart shows ‘Three Outside Up’. 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 ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

1.36076 – 1.36146 – 1.37389 – 1.35354 – 1.35586 – 1.36752 —
1.35589 – 1.35464 —
41.11942173217 – 33.463983988228 —
– —
1.36076 – 1769634000

Trading Signals: FOREX – USD – USD/CAD – CAD – Three Outside Up – – – – – – – – –