The pair US Dollar/Canadian Dollar (USD/CAD) breaks through the descending trendline up.
A bullish ascent up to the next resistance line at 1.35453 is considered certain.
Caution: A possible trend reversal in the direction of the support level at should be noted.
Consider stop-loss settings accordingly.
Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish signal. The pair is likely to go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.36076 |
| 2nd High | 1.35777 |
| Next High | 1.35453 |
| Current Price | 1.35417 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.35453 – 1.35777 – 1.36076 – 1.34812 – 1.35091 – 1.35354 —
1.35370 – 1.35355 —
48.678100424488 – 50.324796905441 —
– —
1.35453 – 1769745600
Trading Signals: FOREX – USD – USD/CAD – CAD – – Symmetrical Triangle Chart Pattern – – – – – – – –