USD/CAD – 1H – BUY

The combination US Dollar/Canadian Dollar (USD/CAD) breaks through the descending trendline upwards

An ascent up to the next resistance at 1.36191 is likely expected.

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

Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish signal. The currency pair could go up.

Besides a ‘Three Outside Up’ chart pattern is detected. The candles form ‘Three Outside Up’. which is a bullish pattern signal. The 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).

1.36191 – 1.37104 – 1.36913 – 1.35499 – 1.35971 – 1.366 —
1.36179 – 1.36110 —
68.455353612174 – 52.366953984744 —
– —
1.36191 – 1777899600

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