USD/CAD – 30M – BUYThe combination breaks through the ascending trendline upwards
A continuation of the uptrend upwards to the next resistance at 1.38011 is expected.
Caution: A possible reversal of the trend in the direction of support at 1.37855 could happen.
Consider stop-loss settings accordingly.
Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Target of the current trend is 1.38186404 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 1.38011 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.38382 |
| Next High | 1.38011 |
| Current Price | 1.37972 |
| Next Low | 1.37855 |
| 2nd Low | 1.37710 |
| 3rd Low | 1.37468 |