USD/CAD – 1H – SELLThe combination goes from the descending trendline down.
A continuation of the bearish trend down to the next support level at 1.34190 is considered certain.
Caution: A possible counter-trend in the direction of the resistance level at 1.34867 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 1.3419 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support line at 1.34867 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.35894 |
| 2nd High | 1.35817 |
| Next High | 1.34867 |
| Current Price | 1.34653 |
| Next Low | 1.34190 |
| 2nd Low | |
| 3rd Low |