USD/CAD – 1H – SELLThe pair US Dollar/Canadian Dollar (USD/CAD) moves from the ascending trendline downwards
A bearish descent downwards to the next support at 1.36247 will continue.
Caution: A possible counter-trend in the direction of the resistance line at 1.37122 should always be considered.
Consider stop-loss settings accordingly.
Furthermore a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The pair is likely to go down.
Furthermore a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which could be a negative chart signal. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.37389 |
| 2nd High | 1.37246 |
| Next High | 1.37122 |
| Current Price | 1.36967 |
| Next Low | 1.36247 |
| 2nd Low | 1.36031 |
| 3rd Low | 1.35931 |
1.36844 – 1.37122 – 1.37063 – 1.36247 – 1.36587 – 1.36739 —
1.36693 – 1.37181 —
47.760161825155 – 68.201844648826 —
– —
1.36844 – 1772204400
Trading Signals: FOREX – USD – USD/CAD – CAD – – – – – – – – – –