USD/CAD – 30M – BUY

The pair US Dollar/Canadian Dollar (USD/CAD) breaks through the descending trendline up.

The bullish trend up to the next resistance at 1.40024 will continue.

Caution: A possible trend reversal in the direction of the support line at could occur.
Consider stop-loss settings accordingly.

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish signal. The pair is likely to go up.

Also there is a ‘MACD crosses above signal’ indicator layout is discovered. The indicator is ‘MACD crosses above signal’. which is often a bullish signal. The pair is likely to go up.

Also there is a ‘Three Outside Up’ candle chart pattern is found. The chart forms ‘Three Outside Up’. 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 chance of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

1.40024 – 1.40155 – 1.40181 – 1.39798 – 1.39502 – 1.39546 —
1.39995 – 1.39998 —
53.896272280217 – 47.510424979383 —
– —
1.40024 – 1781652600

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