The pair US Dollar/Canadian Dollar (USD/CAD) moves from the bullish trendline up.
A continuation of the uptrend up to the next resistance level at 1.37063 will continue.
Caution: A possible counter-trend in the direction of the support level at 1.36587 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart scenario. The currency pair could go up.
Furthermore a ‘StochRSI %K line crosses above %D line’ indicator signal is found. The indicator is ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart scenario. The currency pair could go up.
Furthermore a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which is often a bullish chart scenario. The currency pair could go up.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will continue. Target of the current trend is 1.369165 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance level at 1.37063 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.37389 |
| 2nd High | 1.37246 |
| Next High | 1.37063 |
| Current Price | 1.36869 |
| Next Low | 1.36587 |
| 2nd Low | 1.36482 |
| 3rd Low | 1.36369 |
1.37063 – 1.37246 – 1.37172 – 1.36587 – 1.36744 – 1.36739 —
1.36785 – 1.36841 —
51.864977481144 – 51.658261867265 —
– —
1.37063 – 1772026200
Trading Signals: FOREX – USD – USD/CAD – CAD – – – – – – – – – –