The combination US Dollar/Canadian Dollar (USD/CAD) breaks through the descending trendline upwards
A bullish movement upwards to the next resistance line at 1.37145 will persist.
Caution: A possible counter-trend in the direction of the support level at 1.36676 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘StochRSI %K line crosses above %D line’ indicator signal is discovered. The indicator shows ‘StochRSI %K line crosses above %D line’. this is usually a bullish signal. The currency pair is likely to rise.
There is also a ‘RSI Hidden Bullish Divergence’ indicator signal is discovered. The indicator shows ‘RSI Hidden Bullish Divergence’. this is usually a bullish signal. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.37389 |
| 2nd High | 1.37243 |
| Next High | 1.37145 |
| Current Price | 1.36975 |
| Next Low | 1.36676 |
| 2nd Low | 1.36369 |
| 3rd Low | 1.36319 |
1.37145 – 1.36925 – 1.36372 – 1.36676 – 1.36369 – 1.36319 —
1.36845 – 1.36938 —
46.487054333946 – 48.395019772055 —
– —
1.37145 – 1771516800
Trading Signals: FOREX – USD – USD/CAD – CAD – – Double bottom chart pattern – – – – – – – –