USD/CAD – 4H – BUY

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

An ascent up to the next resistance at 1.37243 will continue.

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

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart signal. The pair is likely to go up.

Furthermore a ‘Three White Soldiers’ chart pattern is found. The chart forms ‘Three White Soldiers’. which 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 ‘Three White Soldiers’ heading up is 82%.

1.37243 – 1.37022 – 1.39284 – 1.35039 – 1.36283 – 1.34812 —
1.36268 – 1.36195 —
57.201900547338 – 55.375618351513 —
– —
1.37243 – 1770336000

Trading Signals: FOREX – USD – USD/CAD – CAD – Three White Soldiers – Double top chart pattern – – – – – – – –