USD/CAD – 30M – SELLCorrection of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 1.38023336 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of support at 1.38383 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Eine Korrektur des großen bulligen Trends durchbrach das Fibonacci 0-Level.Eine Fortsetzung des aktuell absteigenden Trends wird erwartet. Derzeitiges Ziel ist 1.38023336 am Fibonacci Level 0.24-Level. Vorsicht: Eine Umkehr des Trends in Richtung des Unterstützungslevels bei 1.38383 ist im Bereich des Möglichen.
Bei einem Trade sollten entsprechende Stop-Loss Einstellungen dabei berücksichtigt werden.
The currency pair US Dollar/Canadian Dollar (USD/CAD) jumps from the bullish trendline downwards
A bearish trend down to the next support at 1.37544 is expected.
Caution: A possible change in the direction of the resistance level at 1.38383 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Die Kombination US Dollar/Canadian Dollar (USD/CAD) tendiert von der bulligen Trendlinie abwärts
Der bärige Trend nach unten zur nächsten Unterstützung bei 1.37544 wird erwartet.
Vorsicht: Eine Trendumkehr in Richtung des Widerstands bei 1.38383 könnte erfolgen.
Stop-Loss Einstellungen entsprechend berücksichtigen.
The pair US Dollar/Canadian Dollar (USD/CAD) jumps from the ascending trendline downwards
A descending movement down to the next support level at 1.37544 is expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 1.38383 could happen.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend is expected. Current target is 1.38023336 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support zone at 1.38383 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.38981 |
| 2nd High | 1.38886 |
| Next High | 1.38383 |
| Current Price | 1.38180 |
| Next Low | 1.37544 |
| 2nd Low | 1.37215 |
| 3rd Low | 1.36859 |
1.38383 – 1.38355 – 1.37389 – 1.37544 – 1.37215 – 1.36859
Trading Signals: FOREX – USD – USD/CAD – CAD – Three Outside Down