USD/CAD – 30M – SELLThe combination US Dollar/Canadian Dollar (USD/CAD) goes from the bearish trendline down.
A continuation of the downtrend downwards to the next support level at is certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 1.36068 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart signal. The currency pair could go down.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 1.35395 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support line at 1.36068 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.36514 |
| 2nd High | 1.36502 |
| Next High | 1.36068 |
| Current Price | 1.35703 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.36068 – 1.36502 – 1.36514 – 1.35395 – 1.35766 – 1.35659