USD/CAD – 30M – SELLThe pair US Dollar/Canadian Dollar (USD/CAD) goes from the descending trendline down.
A continuation of the downward movement downwards to the next support line at 1.36273 is certain.
Caution: A possible trend reversal in the direction of the resistance zone at 1.37229 is also possible.
Consider stop-loss settings accordingly.
Die Kombination US Dollar/Canadian Dollar (USD/CAD) springt von der absteigenden Trendline nach unten.
Eine Fortsetzung der Abwärtsbewegung nach unten zur nächsten Unterstützungslinie bei 1.36273 wird weiterlaufen.
Vorsicht: Ein Gegentrend in die Richtung des Widerstand-Levels bei 1.37229 sollte beachtet werden.
Im Fall eines Trades immer entsprechende Stop-Loss Einstellungen setzen.
The combination US Dollar/Canadian Dollar (USD/CAD) goes from the bearish trendline downwards
A continuation of the downtrend down to the next support at 1.36273 is expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 1.37229 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.37977 |
| 2nd High | 1.37543 |
| Next High | 1.37229 |
| Current Price | 1.37087 |
| Next Low | 1.36273 |
| 2nd Low | 1.36173 |
| 3rd Low | 1.35563 |
1.36506 – 1.37229 – 1.37543 – 1.36273 – 1.36173 – 1.37209
Trading Signals: FOREX – USD – USD/CAD – CAD – Three Black Crows – Inverse Head and Shoulder chart pattern