Besides a ‘Symmetrical Triangle Chart Pattern’ chart pattern is existing. The formation shows ‘Symmetrical Triangle Chart Pattern’. which is a bearish signal. The currency pair is likely to fall.
The currency pair US Dollar/Canadian Dollar (USD/CAD) moves from the descending trendline down.
A continuation of the bearish trend down to the next support level at 1.38163 will persist.
Caution: A possible counter-trend in the direction of the resistance level at 1.38445 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The pair is likely to go down.
Besides a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which is often a bearish signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.39284 |
| 2nd High | 1.38785 |
| Next High | 1.38445 |
| Current Price | 1.38175 |
| Next Low | 1.38163 |
| 2nd Low | 1.37852 |
| 3rd Low | 1.37564 |
1.38445 – 1.38426 – 1.38426 – 1.38163 – 1.37852 – 1.38235 —
1.38231 – 1.38301 —
44.568667169584 – 50.989340248073 —
– —
1.38445 – 1769047200
Trading Signals: FOREX – USD – USD/CAD – CAD – – Symmetrical Triangle Chart Pattern – – – – – – – –