The pair US Dollar/Canadian Dollar (USD/CAD) goes from the bullish trendline down.
A bearish descent downwards to the next support line at 1.41026 will persist.
Caution: A possible change in the direction of the resistance line at 1.41185 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The currency pair could go down.
Moreover a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.41396 |
| 2nd High | 1.41258 |
| Next High | 1.41185 |
| Current Price | 1.41047 |
| Next Low | 1.41026 |
| 2nd Low | 1.40911 |
| 3rd Low | 1.40889 |
1.41185 – 1.41043 – 1.41068 – 1.41026 – 1.40911 – 1.40889 —
1.41155 – 1.41155 —
48.298059899625 – 49.533963208428 —
– —
1.41185 – 1764012600
Trading Signals: FOREX – USD – USD/CAD – CAD – – – – – – – – – –