USD/CAD – 30M – BUYThe currency pair US Dollar/Canadian Dollar (USD/CAD) breaks through the ascending trendline upwards
A continuation of the bullish trend upwards to the next resistance line at 1.39193 is expected.
Caution: A possible reversal of the trend in the direction of the support line at 1.38659 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.39604 |
| 2nd High | 1.3952 |
| Next High | 1.39193 |
| Current Price | 1.39022 |
| Next Low | 1.38659 |
| 2nd Low | 1.38547 |
| 3rd Low | 1.38545 |
1.38964 – 1.38976 – 1.38979 – 1.38659 – 1.38547 – 1.3867 —
1.39065 – 1.39010 —
66.571656769698 – 55.732856390374 —
– —
1.38964 – 1768386600
Trading Signals: FOREX – USD – USD/CAD – CAD – – – – – – – – – –