USD/CAD – 30M – BUYThe pair US Dollar/Canadian Dollar (USD/CAD) breaks through the bearish trendline upwards
A bullish trend upwards to the next resistance at 1.38575 is likely expected.
Caution: A possible trend reversal in the direction of the support level at 1.37409 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.39242 |
| 2nd High | 1.38675 |
| Next High | 1.38575 |
| Current Price | 1.37941 |
| Next Low | 1.37409 |
| 2nd Low | 1.36012 |
| 3rd Low | 1.35665 |
1.37877 – 1.38575 – 1.38568 – 1.37409 – 1.3769 – 1.37825 — 58.914975520634 – 61.764632634729 — 27.145473574045 – 5.5383476516081 – 60.478806907378 – 31.054209377677
Trading Signals: FOREX – USD – USD/CAD – CAD – – Double bottom retreat down – –