USD/CAD – 1H – BUY

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

An ascent up to the next resistance at 1.36765 is likely expected.

Caution: A possible reversal of the trend in the direction of the support line at could be enabled.
Consider stop-loss settings accordingly.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart scenario. The pair is likely to go up.

Moreover a ‘MACD-Hist Hidden Bullish Divergence’ indicator layout is discovered. The indicator is ‘MACD-Hist Hidden Bullish Divergence’. which is often a bullish chart scenario. The pair is likely to go up.

Moreover a ‘Three White Soldiers’ candle pattern is discovered. The chart shows ‘Three White Soldiers’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.

1.36765 – 1.37094 – 1.37378 – 1.36308 – 1.36345 – 1.36491 —
1.36609 – 1.36560 —
51.795563046736 – 47.822809972443 —
– —
1.36765 – 1776801600

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