USD/CAD – 4H – SELLCorrection of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 1.401385 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support zone at 1.41305 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.42959 |
| 2nd High | 1.41401 |
| Next High | 1.41305 |
| Current Price | 1.40712 |
| Next Low | 1.3971 |
| 2nd Low | 1.38876 |
| 3rd Low | 1.37583 |
1.41305 – 1.4062 – 1.41401 – 1.3971 – 1.39849 – 1.40007 —
1.41185 – 1.41036 —
65.208736395349 – 55.006442749706 —
– —
1.41305 – 1763740800
Trading Signals: FOREX – USD – USD/CAD – CAD – – – – – – – – – –