The combination US Dollar/Canadian Dollar (USD/CAD) breaks through the bearish trendline upwards
A bullish trend upwards to the next resistance level at 1.40579 is likely expected.
Caution: A possible trend reversal in the direction of the support level at 1.40101 should be noted.
Consider stop-loss settings accordingly.
And also a ‘StochRSI %K line crosses above %D line’ indicator signal is found. The indicator shows ‘StochRSI %K line crosses above %D line’. which is often a bullish chart scenario. The pair is likely to go up.
And also a ‘RSI Hidden Bullish Divergence’ indicator signal is found. The indicator shows ‘RSI Hidden Bullish Divergence’. which is often a bullish chart scenario. The pair is likely to go up.
And also a ‘MACD-Hist Bullish Divergence’ indicator signal is found. The indicator shows ‘MACD-Hist Bullish Divergence’. which is often a bullish chart scenario. The pair is likely to go up.
And also a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which is often a bullish chart scenario. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.41598 |
| 2nd High | 1.4077 |
| Next High | 1.40579 |
| Current Price | 1.40318 |
| Next Low | 1.40101 |
| 2nd Low | 1.39951 |
| 3rd Low | 1.39798 |
1.40579 – 1.40534 – 1.4077 – 1.40292 – 1.40101 – 1.40244 —
1.40408 – 1.40333 —
46.056905205232 – 37.336455121516 —
– —
1.40579 – 1784232000
Trading Signals: FOREX – USD – USD/CAD – CAD – – – – – – – – – –