USD/CAD – 30M – BUYThe pair US Dollar/Canadian Dollar (USD/CAD) breaks through the bullish trendline up.
A continuation of the bullish trend upwards to the next resistance level at 1.3933 is likely expected.
Caution: A possible counter-trend in the direction of the support zone at 1.38689 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘StochRSI %K line crosses above %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses above %D line’. which is often a bullish signal. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.3977 |
| 2nd High | 1.39665 |
| Next High | 1.3933 |
| Current Price | 1.39194 |
| Next Low | 1.38689 |
| 2nd Low | 1.38456 |
| 3rd Low | 1.38209 |
1.3933 – 1.39044 – 1.39665 – 1.38689 – 1.38966 – 1.39239 —
1.39232 – 1.39146 —
57.550688746835 – 49.452860154598 —
– —
1.3933 – 1775138400
Trading Signals: FOREX – USD – USD/CAD – CAD – – – – – – – – – –