USD/CAD – 30M – BUYThe currency pair US Dollar/Canadian Dollar (USD/CAD) breaks through the ascending trendline up.
A continuation of the uptrend up to the next resistance level at 1.40024 is certain.
Caution: A possible trend reversal in the direction of the support line at 1.39951 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘StochRSI %K line crosses above %D line’ indicator signal is found. The indicator is ‘StochRSI %K line crosses above %D line’. which could be a positive chart scenario. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.40181 |
| 2nd High | 1.40155 |
| Next High | 1.40024 |
| Current Price | 1.40171 |
| Next Low | 1.39951 |
| 2nd Low | 1.39798 |
| 3rd Low | 1.39502 |
1.40024 – 1.40155 – 1.40181 – 1.39951 – 1.39798 – 1.39502 —
1.39998 – 1.40131 —
47.510426617524 – 59.893795162945 —
1.39951 – 1781697600 —
1.40024 – 1781652600
Trading Signals: FOREX – USD – USD/CAD – CAD – – – – – – – – – –