USD/CAD – 1H – BUY

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

An ascent upwards to the next resistance line at 1.41973 is likely expected.

Caution: A possible reversal of the trend in the direction of the support level at should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart signal. The pair is likely to go up.

Besides a ‘Three White Soldiers’ candle chart pattern is existing. The chart forms ‘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 likelyhood of ‘Three White Soldiers’ heading up is 82%.

1.41973 – 1.42241 – 1.42348 – 1.41499 – 1.41778 – 1.41749 —
1.41736 – 1.41876 —
37.289644253028 – 51.826840732612 —
– —
1.41973 – 1783047600

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