USD/CAD – 30M – BUY

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

An ascent up to the next resistance at 1.35854 is expected.

Caution: A possible change in the direction of the support level at 1.35545 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive signal. The pair is likely to go up.

Next a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which is often a bullish chart signal. The currency pair could go up.

Next a ‘Three Outside Up’ candle pattern is found. The candles show ‘Three Outside Up’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

1.35854 – 1.36013 – 1.35809 – 1.35545 – 1.35418 – 1.35599 —
1.35932 – 1.35850 —
63.19867343285 – 47.936062774031 —
– —
1.35854 – 1773185400

Trading Signals: FOREX – USD – USD/CAD – CAD – Three Outside Up – – – – – – – – –