USD/CAD – 1H – BUY

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

A continuation of the uptrend up to the next resistance level at 1.37104 is expected.

Caution: A possible change in the direction of the support zone at 1.36198 is within the realm of possibility.
Consider stop-loss settings accordingly.

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

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Target of the current trend is 1.37104 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance zone at 1.37104 is within the realm of possibility.
Consider stop-loss settings accordingly.

Next a ‘Three Outside Up’ candle chart pattern is discovered. The candles show ‘Three Outside Up’. which is a positive 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’ heading up is 75% (Bull Market) & 74% (Bear Market).

1.36646 – 1.36298 – 1.36191 – 1.36198 – 1.35777 – 1.36039 —
1.36602 – 1.36521 —
61.683663289769 – 46.68422038871 —
– —
1.36646 – 1778202000

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