USD/CAD – 30M – BUYThe combination US Dollar/Canadian Dollar (USD/CAD) breaks through the descending trendline up.
The bullish trend upwards to the next resistance line at 1.37122 is considered certain.
Caution: A possible trend reversal in the direction of the support zone at 1.36587 could occur.
Consider stop-loss settings accordingly.
Also there is a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which could be a positive chart scenario. The pair is likely to go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.37389 |
| 2nd High | 1.37246 |
| Next High | 1.37122 |
| Current Price | 1.36790 |
| Next Low | 1.36587 |
| 2nd Low | 1.36482 |
| 3rd Low | 1.36369 |
1.37122 – 1.37063 – 1.37246 – 1.36587 – 1.36744 – 1.36739 —
1.36855 – 1.36800 —
47.011227152154 – 44.642689299511 —
– —
1.37122 – 1772125200
Trading Signals: FOREX – USD – USD/CAD – CAD – – Double top chart pattern – – – – – – – –