USD/CAD – 1H – SELLThe combination US Dollar/Canadian Dollar (USD/CAD) goes from the bearish trendline downwards
A continuation of the downward movement down to the next support at is expected.
Caution: A possible reversal of the trend in the direction of resistance at 1.38538 could occur.
Consider stop-loss settings accordingly.
Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.38675 |
| 2nd High | 1.38575 |
| Next High | 1.38538 |
| Current Price | 1.38358 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.38538 – 1.38575 – 1.38675 – 1.38258 – 1.38302 – 1.37931 — 45.370084803911 – 43.065626577044 — 65.143392080393 – 67.816263886325 – 57.003406377177 – 64.198847097906