USD/CAD – 1H – SELLThe combination goes from the bullish trendline down.
A descending movement downwards to the next support at 1.34654 is likely expected.
Caution: A possible trend reversal in the direction of the resistance level at 1.35894 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 1.35327 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support line at 1.35894 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.36845 |
| 2nd High | 1.36470 |
| Next High | 1.35894 |
| Current Price | 1.34949 |
| Next Low | 1.34654 |
| 2nd Low | 1.34653 |
| 3rd Low | 1.34497 |