The combination US Dollar/Canadian Dollar (USD/CAD) jumps from the ascending trendline down.
A bearish trend downwards to the next support at is certain.
Caution: A possible change in the direction of the resistance zone at 1.4062 could be enabled.
Consider stop-loss settings accordingly.
Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart signal. The currency pair is likely to fall.
Also there is a ‘%K crosses below %D’ indicator layout is existing. The indicator is ‘%K crosses below %D’. which could be a negative chart signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.41396 |
| 2nd High | 1.41258 |
| Next High | 1.4062 |
| Current Price | 1.39993 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.4062 – 1.40576 – 1.40387 – 1.3971 – 1.40235 – 1.4014 —
1.39984 – 1.40047 —
49.7287337588 – 58.578668530435 —
– —
1.40620 – 1763445600
Trading Signals: FOREX – USD – USD/CAD – CAD – – Double bottom chart pattern – – – –