USD/CAD – 30M – BUY

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

An ascending movement upwards to the next resistance level at 1.39264 is certain.

Caution: A possible reversal of the trend in the direction of the support zone at 1.38689 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘MACD crosses above signal’ indicator signal is discovered. The indicator is ‘MACD crosses above signal’. which is often a bullish chart scenario. The pair is likely to go up.

In addition a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which is often a bullish chart scenario. The currency pair could go up.

In addition a ‘Three White Soldiers’ candle chart pattern is existing. The chart shows ‘Three White Soldiers’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going up is 82%.

1.39264 – 1.3933 – 1.39044 – 1.38689 – 1.38966 – 1.39239 —
1.39225 – 1.39238 —
48.380381255405 – 56.030196930778 —
– —
1.39264 – 1775203200

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