USD/CAD – 30M – BUY

The combination US Dollar/Canadian Dollar (USD/CAD) jumps from the ascending trendline up.

A continuation of the uptrend up to the next resistance level at 1.37063 is certain.

Caution: A possible reversal of the trend in the direction of the support level at 1.36587 is within the realm of possibility.
Consider stop-loss settings accordingly.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart signal. The currency pair could go up.

Then a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. this is usually a bullish chart scenario. The pair is likely to go up.

Then a ‘Three White Soldiers’ candle pattern is existing. The candles form ‘Three White Soldiers’. 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 chance of ‘Three White Soldiers’ heading up is 82%.

1.37063 – 1.37246 – 1.37172 – 1.36587 – 1.36744 – 1.36739 —
1.36714 – 1.36833 —
47.531907695056 – 56.354573350989 —
– —
1.37063 – 1772026200

Trading Signals: FOREX – USD – USD/CAD – CAD – Three White Soldiers – – – – – – – – –