USD/CAD – 30M – BUYThe pair US Dollar/Canadian Dollar (USD/CAD) breaks through the descending trendline upwards
A bullish trend upwards to the next resistance line at 1.36504 is expected.
Caution: A possible counter-trend in the direction of the support line at is within the realm of possibility.
Consider stop-loss settings accordingly.
Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish chart scenario. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.37022 |
| 2nd High | 1.36856 |
| Next High | 1.36504 |
| Current Price | 1.36547 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.36504 – 1.36856 – 1.37022 – 1.36283 – 1.36321 – 1.3651 —
1.36490 – 1.36580 —
56.056121954648 – 52.288486097703 —
– —
1.36504 – 1770181200
Trading Signals: FOREX – USD – USD/CAD – CAD – – Double top chart pattern – – – – – – – –