The currency pair US Dollar/Canadian Dollar (USD/CAD) goes from the ascending trendline down.
The bearish trend down to the next support at 1.39798 is certain.
Caution: A possible counter-trend in the direction of the resistance zone at 1.40024 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘MACD crosses below signal’ indicator layout is detected. The indicator shows ‘MACD crosses below signal’. which could be a negative chart scenario. The currency pair is likely to fall.
Besides a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.40181 |
| 2nd High | 1.40155 |
| Next High | 1.40024 |
| Current Price | 1.39962 |
| Next Low | 1.39798 |
| 2nd Low | 1.39502 |
| 3rd Low | 1.39312 |
1.40024 – 1.40155 – 1.40181 – 1.39798 – 1.39502 – 1.39546 —
1.39994 – 1.40063 —
51.433746224791 – 54.273261626257 —
– —
1.40024 – 1781652600
Trading Signals: FOREX – USD – USD/CAD – CAD – – – – – – – – – –