USD/CAD – 1H – SELLThe combination US Dollar/Canadian Dollar (USD/CAD) jumps from the descending trendline downwards
A continuation of the downward movement down to the next support line at 1.38278 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 1.39058 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which could be a negative chart scenario. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.42734 |
| 2nd High | 1.39774 |
| Next High | 1.39058 |
| Current Price | 1.38475 |
| Next Low | 1.38278 |
| 2nd Low | |
| 3rd Low |
1.39058 – 1.39774 – 1.39107 – 1.38278 – 1.38521 – 1.38497