USD/CAD – 30M – SELLThe pair US Dollar/Canadian Dollar (USD/CAD) jumps from the bullish trendline downwards
A bearish movement down to the next support at 1.37564 is considered certain.
Caution: A possible counter-trend in the direction of the resistance zone at 1.3825 could occur.
Consider stop-loss settings accordingly.
Besides a ‘%K crosses below %D’ indicator layout is existing. The indicator is ‘%K crosses below %D’. which is often a bearish signal. The currency pair is likely to fall.
Besides a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which could be a negative signal. The pair is likely to go down.
Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 1.379825 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of support at 1.3825 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.3952 |
| 2nd High | 1.38717 |
| Next High | 1.3825 |
| Current Price | 1.38170 |
| Next Low | 1.37564 |
| 2nd Low | 1.37512 |
| 3rd Low | 1.37448 |
1.3825 – 1.3776 – 1.3815 – 1.37564 – 1.37512 – 1.37448 —
1.38160 – 1.38258 —
58.545713552173 – 68.640610956944 —
– —
1.38250 – 1767754800
Trading Signals: FOREX – USD – USD/CAD – CAD – – Double top retreat up – – – – – – – –