USD/CAD – 30M – BUYThe combination breaks through the descending trendline up.
An ascending movement up to the next resistance at 1.35894 will persist.
Caution: A possible trend reversal in the direction of support at 1.35415 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Target of the current trend is 1.358985 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance zone at 1.35894 could happen.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.36470 |
| 2nd High | 1.36002 |
| Next High | 1.35894 |
| Current Price | 1.35763 |
| Next Low | 1.35415 |
| 2nd Low | 1.35327 |
| 3rd Low | 1.34654 |