USD/CAD – 30M – BUY

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

A continuation of the upward movement up to the next resistance level at 1.36268 will continue.

Caution: A possible trend reversal in the direction of the support level at 1.35777 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Three Outside Up’ chart pattern is existing. The chart forms ‘Three Outside Up’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

1.36268 – 1.36298 – 1.36191 – 1.35777 – 1.36063 – 1.36039 —
1.36182 – 1.36410 —
62.170673473676 – 68.406049150292 —
– —
1.36268 – 1777995000

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