USD/CAD – 1H – BUY

The combination US Dollar/Canadian Dollar (USD/CAD) goes from the bullish trendline up.

A continuation of the uptrend upwards to the next resistance level at 1.42241 is considered certain.

Caution: A possible counter-trend in the direction of the support level at 1.41499 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘MACD crosses above signal’ indicator signal is detected. The indicator is ‘MACD crosses above signal’. which could be a positive signal. The pair is likely to go up.

Besides a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. this is usually a bullish chart scenario. The pair is likely to go up.

Besides a ‘Three Outside Up’ candle pattern is existing. The chart forms ‘Three Outside Up’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

1.42241 – 1.42348 – 1.42472 – 1.41499 – 1.41778 – 1.41749 —
1.41900 – 1.41856 —
38.026784609572 – 37.778866060626 —
– —
1.42241 – 1782961200

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