USD/CAD – 1H – BUY

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

A bullish ascent upwards to the next resistance at 1.36372 will continue.

Caution: A possible trend reversal in the direction of the support line at 1.35551 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend will continue. Current target is 1.36372 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of resistance at 1.36372 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Bearish SBS White Lines’ chart pattern is existing. The chart forms ‘Bearish SBS White Lines’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).

1.36372 – 1.36355 – 1.36186 – 1.35551 – 1.35039 – 1.35229 —
1.36266 – 1.36227 —
56.329759440219 – 52.749853723387 —
– —
1.36372 – 1770973200

Trading Signals: FOREX – USD – USD/CAD – CAD – Bearish SBS White Lines – – – – – – – – –