USD/CAD – 1H – BUY

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

A continuation of the upward movement upwards to the next resistance at 1.36925 is likely expected.

Caution: A possible trend reversal in the direction of the support line at 1.36031 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Northern Doji’ candle chart pattern is existing. The candles form ‘Northern Doji’. which is a bullish pattern signal. 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).

1.36925 – 1.36372 – 1.36355 – 1.36031 – 1.35931 – 1.35551 —
1.36439 – 1.36508 —
46.085304961919 – 53.166059598481 —
– —
1.36925 – 1771347600

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