USD/CAD – 30M – BUYThe combination US Dollar/Canadian Dollar (USD/CAD) moves from the bullish trendline up.
A continuation of the bullish trend upwards to the next resistance line at 1.38310 is expected.
Caution: A possible change in the direction of the support level at could happen.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart scenario. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.38886 |
| 2nd High | 1.38613 |
| Next High | 1.38310 |
| Current Price | 1.38111 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.38310 – 1.38193 – 1.38192 – 1.37959 – 1.37827 – 1.37874 — 50.200965486683 – 54.817955837795 — 55.044861010975 – 53.375092701919 – 70.250206948116 – 59.672655670326
Trading Signals: FOREX – USD – USD/CAD – CAD – – Double top chart pattern – –