USD/CAD – 1H – BUY

The pair US Dollar/Canadian Dollar (USD/CAD) moves from the bullish trendline upwards

A continuation of the upward movement upwards to the next resistance line at 1.37104 is considered certain.

Caution: A possible counter-trend in the direction of the support level at 1.36198 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart scenario. The currency pair could go up.

Also there is a ‘StochRSI %K line crosses above %D line’ indicator signal is existing. The indicator is ‘StochRSI %K line crosses above %D line’. which is often a bullish chart scenario. The currency pair could go up.

Also there is a ‘MACD Hidden Bullish Divergence’ indicator signal is existing. The indicator is ‘MACD Hidden Bullish Divergence’. this is usually a bullish chart scenario. The pair is likely to go up.

Also there is a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which is often a bullish chart signal. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Current target is 1.3672522 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of resistance at 1.37104 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Bearish SBS White Lines’ candlestick chart pattern is discovered. The candles show ‘Bearish SBS White Lines’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).

1.36298 – 1.36191 – 1.37104 – 1.36198 – 1.35777 – 1.36039 —
1.36295 – 1.36418 —
49.013156899782 – 52.315896615099 —
1.36198 – 1778155200 —
1.36298 – 1777968000

Trading Signals: FOREX – USD – USD/CAD – CAD – Bearish SBS White Lines – – – – – – – – –