USD/CAD – 30M – BUYThe combination jumps from the bullish trendline up.
A continuation of the bullish trend upwards to the next resistance at 1.36748 is certain.
Caution: A possible trend reversal in the direction of the support zone at 1.36425 is also possible.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Target of the current trend is 1.36748 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance level at 1.36748 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.37368 |
| 2nd High | 1.36845 |
| Next High | 1.36748 |
| Current Price | 1.36571 |
| Next Low | 1.36425 |
| 2nd Low | 1.36108 |
| 3rd Low | 1.35783 |