The pair US Dollar/Canadian Dollar (USD/CAD) goes from the bearish trendline down.
A continuation of the downward movement down to the next support line at 1.36491 is considered certain.
Caution: A possible trend reversal in the direction of the resistance zone at 1.37028 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart scenario. The currency pair is likely to fall.
Also there is a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. which could be a negative chart signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.37378 |
| 2nd High | 1.37094 |
| Next High | 1.37028 |
| Current Price | 1.36858 |
| Next Low | 1.36491 |
| 2nd Low | 1.36206 |
| 3rd Low | 1.35762 |
1.37028 – 1.37094 – 1.37378 – 1.36491 – 1.3695 – 1.37128 —
1.36963 – 1.36986 —
49.504752013923 – 55.242286219925 —
– —
1.37028 – 1776673800
Trading Signals: FOREX – USD – USD/CAD – CAD – – – – – – – – – –