USD/CAD – 4H – BUYThe pair US Dollar/Canadian Dollar (USD/CAD) breaks through the descending trendline upwards
A bullish trend up to the next resistance line at 1.37104 is considered certain.
Caution: A possible reversal of the trend in the direction of the support level at 1.35777 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘StochRSI %K line crosses above %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses above %D line’. which is often a bullish chart scenario. The currency pair could go up.
Next a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which could be a positive chart signal. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.38775 |
| 2nd High | 1.37142 |
| Next High | 1.37104 |
| Current Price | 1.36366 |
| Next Low | 1.35777 |
| 2nd Low | 1.35499 |
| 3rd Low |
1.37104 – 1.37142 – 1.38775 – 1.35777 – 1.35499 – 1.35971 —
1.35991 – 1.36353 —
36.080779427144 – 55.195479580075 —
1.35777 – 1778054400 —
1.37104 – 1777478400
Trading Signals: FOREX – USD – USD/CAD – CAD – – – – – – – – – –