USD/CAD – 1H – BUY

The currency pair US Dollar/Canadian Dollar (USD/CAD) jumps from the bullish trendline up.

A continuation of the upward movement upwards to the next resistance at 1.37413 is likely expected.

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

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

And also a ‘Bullish Belt Hold’ candle chart pattern is found. The candles form ‘Bullish Belt Hold’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).

1.37413 – 1.36048 – 1.35854 – 1.36527 – 1.35762 – 1.35545 —
1.37089 – 1.36972 —
48.985290406501 – 47.3651979077 —
– —
1.37413 – 1773428400

Trading Signals: FOREX – USD – USD/CAD – CAD – Bullish Belt Hold – – – – – – – – –