The pair US Dollar/Canadian Dollar (USD/CAD) breaks through the bearish trendline up.
An ascending movement upwards to the next resistance level at 1.35956 will persist.
Caution: A possible trend reversal in the direction of support at 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 detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart scenario. The pair is likely to go up.
Moreover a ‘MACD crosses above signal’ indicator layout is detected. The indicator is ‘MACD crosses above signal’. which could be a positive chart scenario. The pair is likely to go up.
Moreover a ‘RSI Hidden Bullish Divergence’ indicator layout is detected. The indicator is ‘RSI Hidden Bullish Divergence’. which could be a positive chart scenario. The pair is likely to go up.
Moreover a ‘MACD Hidden Bullish Divergence’ indicator layout is detected. The indicator is ‘MACD Hidden Bullish Divergence’. this is usually a bullish chart scenario. The pair is likely to go up.
Moreover a ‘MACD-Hist Hidden Bullish Divergence’ indicator layout is detected. The indicator is ‘MACD-Hist Hidden Bullish Divergence’. which could be a positive chart scenario. The pair is likely to go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.36887 |
| 2nd High | 1.36761 |
| Next High | 1.35956 |
| Current Price | 1.35959 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.35956 – 1.3593 – 1.35877 – 1.3575 – 1.35499 – 1.35719 —
1.35950 – 1.35916 —
60.666838392119 – 52.836574937604 —
– —
1.35956 – 1777867200
Trading Signals: FOREX – USD – USD/CAD – CAD – – – – – – – – – –