USD/CAD – 4H – BUY

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

A continuation of the uptrend upwards to the next resistance at 1.42478 will persist.

Caution: A possible change in the direction of the support zone at 1.41688 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘MACD crosses above signal’ indicator signal is existing. The indicator shows ‘MACD crosses above signal’. this is usually a bullish chart signal. The currency pair could go up.

Also there is a ‘Three White Soldiers’ chart pattern is found. The candles show ‘Three White Soldiers’. 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 White Soldiers’ heading up is 82%.

1.42478 – 1.40235 – 1.3969 – 1.41688 – 1.39502 – 1.38989 —
1.42001 – 1.42116 —
51.512645927298 – 59.099428420258 —
1.41688 – 1782489600 —
1.42478 – 1782388800

Trading Signals: FOREX – USD – USD/CAD – CAD – Three White Soldiers – – – – – – – – –