USD/CAD – 1H – BUY

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

A continuation of the upward movement upwards to the next resistance at 1.37223 is considered certain.

Caution: A possible change in the direction of support at 1.3687 is within the realm of possibility.
Consider stop-loss settings accordingly.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish signal. The currency pair is likely to rise.

Next a ‘RSI Hidden Bullish Divergence’ indicator layout is discovered. The indicator shows ‘RSI Hidden Bullish Divergence’. this is usually a bullish signal. The currency pair is likely to rise.

Next a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. this is usually a bullish signal. The currency pair could go up.

Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is considered certain. Current target is 1.37413 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the resistance line at 1.37223 is within the realm of possibility.
Consider stop-loss settings accordingly.

Next a ‘Three Outside Up’ candlestick pattern is existing. The candles form ‘Three Outside Up’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

1.37223 – 1.37413 – 1.36048 – 1.3687 – 1.368 – 1.36527 —
1.37013 – 1.36982 —
55.20705263244 – 44.979823915072 —
– —
1.37223 – 1773770400

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