The currency pair US Dollar/Canadian Dollar (USD/CAD) moves from the bullish trendline upwards
A continuation of the upward movement upwards to the next resistance at 1.39285 is considered certain.
Caution: A possible counter-trend in the direction of support at 1.39036 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. which is often a bullish signal. The currency pair could go up.
Correction of the major bullish trend halted around the Fibonacci 1-Level.Continuation of the current ascending trend is considered certain. Current target is 1.3912058 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of resistance at 1.39285 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.39481 |
| 2nd High | 1.39295 |
| Next High | 1.39285 |
| Current Price | 1.39160 |
| Next Low | 1.39036 |
| 2nd Low | 1.3902 |
| 3rd Low | 1.38689 |
1.39285 – 1.39295 – 1.39481 – 1.39036 – 1.3902 – 1.39322 —
1.39285 – 1.39210 —
52.694313379008 – 45.651921850994 —
1.39285 – 1775568600 —
– 1775568600
Trading Signals: FOREX – USD – USD/CAD – CAD – – – – – – – – – –