USD/CAD – 30M – BUYThe combination breaks through the bearish trendline up.
An ascent upwards to the next resistance level at is certain.
Caution: A possible reversal of the trend in the direction of the support zone at 1.39355 should always be considered.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Current target is 1.39545392 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of resistance at should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 1.39711 |
| Next Low | 1.39355 |
| 2nd Low | 1.39249 |
| 3rd Low | 1.39166 |