USD/CAD – 30M – BUYThe combination US Dollar/Canadian Dollar (USD/CAD) breaks through the descending trendline up.
The bullish trend up to the next resistance line at 1.35854 will persist.
Caution: A possible reversal of the trend in the direction of the support level at should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish chart scenario. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.36063 |
| 2nd High | 1.36013 |
| Next High | 1.35854 |
| Current Price | 1.35934 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.35854 – 1.36013 – 1.35809 – 1.35545 – 1.35418 – 1.35599 —
1.35760 – 1.35894 —
51.448997801325 – 53.059155610168 —
– —
1.35854 – 1773185400
Trading Signals: FOREX – USD – USD/CAD – CAD – – – – – – – – – –