USD/CAD – 30M – SELLThe combination jumps from the bullish trendline downwards
A descending movement down to the next support level at 1.35327 will continue.
Caution: A possible change in the direction of resistance at 1.36470 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 1.35596748 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of support at 1.36470 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.37368 |
| 2nd High | 1.36845 |
| Next High | 1.36470 |
| Current Price | 1.35664 |
| Next Low | 1.35327 |
| 2nd Low | 1.34654 |
| 3rd Low | 1.34653 |