USD/CAD – 30M – BUY

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

The bullish trend upwards to the next resistance line at 1.36791 will persist.

Caution: A possible counter-trend in the direction of support at 1.36600 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive signal. The currency pair is likely to rise.

Next a ‘StochRSI %K line crosses above %D line’ indicator signal is discovered. The indicator shows ‘StochRSI %K line crosses above %D line’. which could be a positive signal. The currency pair is likely to rise.

Next a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which could be a positive chart scenario. The currency pair could go up.

Next a ‘Northern Doji’ candle chart pattern is found. The candles form ‘Northern Doji’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.36791 – 1.36719 – 1.36765 – 1.36600 – 1.36638 – 1.3643 —
1.36681 – 1.36748 —
40.218148579831 – 48.144689522995 —
1.36600 – 1776942000 —
1.36791 – 1776913200

Trading Signals: FOREX – USD – USD/CAD – CAD – Northern Doji – – – – – – – – –