USD/CAD – 4H – BUY

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

A continuation of the upward movement up to the next resistance line at 1.3949 is likely expected.

Caution: A possible reversal of the trend in the direction of the support zone at 1.377 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

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

Also there is a ‘Northern Doji’ candlestick chart pattern is detected. The candles show ‘Northern Doji’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.38696 – 1.38237 – 1.37667 – 1.377 – 1.37308 – 1.35777 —
1.38481 – 1.38695 —
63.21163967698 – 68.054013163607 —
– —
1.38696 – 1779969600

Trading Signals: FOREX – USD – USD/CAD – CAD – Northern Doji – Symmetrical Triangle Chart Pattern – – – – – – – –