USD/CAD – 30M – BUY

The currency pair US Dollar/Canadian Dollar (USD/CAD) breaks through the ascending trendline upwards

A continuation of the upward movement up to the next resistance line at 1.38315 is considered certain.

Caution: A possible counter-trend in the direction of support at 1.37724 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘StochRSI %K line crosses above %D line’ indicator signal is detected. The indicator is ‘StochRSI %K line crosses above %D line’. which could be a positive chart scenario. The pair is likely to go up.

Next a ‘Three Outside Up’ candle pattern is discovered. The candles show ‘Three Outside Up’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

1.38315 – 1.38193 – 1.3785 – 1.37724 – 1.37413 – 1.37253 —
1.38370 – 1.38514 —
53.40620154936 – 59.305551208294 —
– —
1.38315 – 1774503000

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