USD/CAD – 30M – BUY

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive signal. The currency pair is likely to rise.

Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Current target is 1.40037478 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of resistance at 1.39901 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Northern Doji’ candle chart pattern is discovered. The chart shows ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.39901 – 1.39956 – 1.40235 – 1.39502 – 1.39546 – 1.3953 —
1.39746 – 1.39786 —
51.491506686542 – 50.490389963774 —
– —
1.39901 – 1781307000

Trading Signals: FOREX – USD – USD/CAD – CAD – Northern Doji – – – – – – – – –