The combination US Dollar/Canadian Dollar (USD/CAD) breaks through the descending trendline up.
An ascending movement upwards to the next resistance at 1.37142 is expected.
Caution: A possible trend reversal in the direction of the support line at 1.366 could occur.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘StochRSI %K line crosses above %D line’ indicator layout is existing. The indicator shows ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart scenario. The currency pair could go up.
And also a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. this is usually a bullish chart signal. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.37879 |
| 2nd High | 1.37378 |
| Next High | 1.37142 |
| Current Price | 1.36638 |
| Next Low | 1.366 |
| 2nd Low | 1.3643 |
| 3rd Low | 1.36308 |
1.37142 – 1.37139 – 1.36791 – 1.366 – 1.3643 – 1.36308 —
1.36668 – 1.36680 —
35.136795890218 – 38.216604049532 —
– —
1.37142 – 1777010400
Trading Signals: FOREX – USD – USD/CAD – CAD – – – – – – – – – –