The pair US Dollar/Canadian Dollar (USD/CAD) goes from the bullish trendline downwards
A bearish movement downwards to the next support at 1.36031 is certain.
Caution: A possible trend reversal in the direction of the resistance level at 1.36372 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart signal. The currency pair is likely to fall.
Additionally a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The currency pair could go down.
Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend is certain. Current target is 1.36267924 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support level at 1.36372 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.37243 |
| 2nd High | 1.36734 |
| Next High | 1.36372 |
| Current Price | 1.36358 |
| Next Low | 1.36031 |
| 2nd Low | 1.35931 |
| 3rd Low | 1.35551 |
1.36359 – 1.36372 – 1.36355 – 1.36031 – 1.35931 – 1.35971 —
1.36265 – 1.36384 —
52.35626283014 – 64.650185353757 —
– —
1.36359 – 1770994800
Trading Signals: FOREX – USD – USD/CAD – CAD – – – – – – – – – –