The combination US Dollar/Canadian Dollar (USD/CAD) jumps from the bullish trendline downwards
The bearish trend downwards to the next support at will persist.
Caution: A possible trend reversal in the direction of the resistance zone at 1.36646 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.36887 |
| 2nd High | 1.36761 |
| Next High | 1.36646 |
| Current Price | 1.36434 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.36646 – 1.36447 – 1.36432 – 1.36198 – 1.35777 – 1.36063 —
1.36556 – 1.36528 —
54.212875666851 – 48.733904269581 —
– —
1.36646 – 1778202000
Trading Signals: FOREX – USD – USD/CAD – CAD – – – – – – – – – –