The combination US Dollar/Canadian Dollar (USD/CAD) breaks through the descending trendline upwards
A bullish ascent up to the next resistance at 1.37613 is certain.
Caution: A possible change in the direction of the support zone at 1.37253 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish chart scenario. The currency pair could go up.
Also there is a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which could be a positive chart signal. The currency pair could go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.38329 |
| 2nd High | 1.37993 |
| Next High | 1.37613 |
| Current Price | 1.37494 |
| Next Low | 1.37253 |
| 2nd Low | 1.36696 |
| 3rd Low | 1.36527 |
1.37613 – 1.37352 – 1.37543 – 1.37253 – 1.36696 – 1.37004 —
1.37433 – 1.37614 —
41.721395155047 – 49.80126240244 —
– —
1.37613 – 1774344600
Trading Signals: FOREX – USD – USD/CAD – CAD – – – – – – – – – –