USD/CAD – 4H – BUY

The currency pair US Dollar/Canadian Dollar (USD/CAD) breaks through the descending trendline up.

A bullish movement upwards to the next resistance level at 1.37246 is likely expected.

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

There is also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish signal. The currency pair is likely to rise.

There is also a ‘RSI Hidden Bullish Divergence’ indicator signal is detected. The indicator shows ‘RSI Hidden Bullish Divergence’. this is usually a bullish signal. The currency pair is likely to rise.

There is also a ‘MACD-Hist Hidden Bullish Divergence’ indicator signal is detected. The indicator shows ‘MACD-Hist Hidden Bullish Divergence’. this is usually a bullish signal. The currency pair is likely to rise.

Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is likely expected. Current target is 1.37246 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 1.37246 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Three White Soldiers’ candle chart pattern is existing. The chart forms ‘Three White Soldiers’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.

1.37246 – 1.37145 – 1.37243 – 1.36482 – 1.35039 – 1.36283 —
1.37055 – 1.36751 —
56.770643953631 – 43.517386833606 —
– —
1.37246 – 1771948800

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