USD/CAD – 4H – BUYThe pair US Dollar/Canadian Dollar (USD/CAD) breaks through the bearish trendline upwards
An ascending movement up to the next resistance at 1.37479 is considered certain.
Caution: A possible reversal of the trend in the direction of the support line at 1.35252 is within the realm of possibility.
Consider stop-loss settings accordingly.
Also there is a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which is often a bullish chart scenario. The pair is likely to go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.39284 |
| 2nd High | 1.37525 |
| Next High | 1.37479 |
| Current Price | 1.37649 |
| Next Low | 1.35252 |
| 2nd Low | 1.35039 |
| 3rd Low | 1.34812 |
1.37479 – 1.37413 – 1.3716 – 1.35252 – 1.36247 – 1.36482 —
1.37203 – 1.37613 —
52.885791395958 – 58.846396982149 —
– —
1.37479 – 1773921600
Trading Signals: FOREX – USD – USD/CAD – CAD – – – – – – – – – –