The combination US Dollar/Canadian Dollar (USD/CAD) goes from the bullish trendline upwards
A continuation of the uptrend upwards to the next resistance line at 1.41068 is certain.
Caution: A possible change in the direction of the support level at 1.40394 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘%K crosses above %D’ indicator layout is existing. The indicator shows ‘%K crosses above %D’. which could be a positive chart scenario. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.41401 |
| 2nd High | 1.41396 |
| Next High | 1.41068 |
| Current Price | 1.40992 |
| Next Low | 1.40394 |
| 2nd Low | 1.3971 |
| 3rd Low | 1.38876 |
1.41068 – 1.40649 – 1.4062 – 1.40394 – 1.3971 – 1.40138 —
1.41131 – 1.40973 —
52.360895673843 – 51.602582786266 —
– —
1.41068 – 1763665200
Trading Signals: FOREX – USD – USD/CAD – CAD – – Double bottom chart pattern – – – – – – – –