USD/CAD – 30M – BUYThe combination breaks through the bullish trendline up.
A continuation of the upward movement up to the next resistance line at is certain.
Caution: A possible trend reversal in the direction of support at 1.38122 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is certain. Current target is 1.38682 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance level at is also possible.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 1.38823 |
| Next Low | 1.38122 |
| 2nd Low | 1.37851 |
| 3rd Low | 1.37710 |