The currency pair US Dollar/Canadian Dollar (USD/CAD) jumps from the bearish trendline down.
A continuation of the bearish trend downwards to the next support level at 1.40101 is expected.
Caution: A possible trend reversal in the direction of the resistance level at 1.40579 could occur.
Consider stop-loss settings accordingly.
Furthermore a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. this is usually a bearish signal. The currency pair is likely to fall.
Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 1.40101 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support zone at 1.40579 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.41598 |
| 2nd High | 1.4077 |
| Next High | 1.40579 |
| Current Price | 1.40107 |
| Next Low | 1.40101 |
| 2nd Low | 1.39951 |
| 3rd Low | 1.39798 |
1.40579 – 1.40534 – 1.4077 – 1.40292 – 1.40101 – 1.40244 —
1.40349 – 1.40291 —
39.403135501707 – 41.401015165601 —
– —
1.40579 – 1784232000
Trading Signals: FOREX – USD – USD/CAD – CAD – – – – – – – – – –