USD/CAD – 30M – BUYThe pair US Dollar/Canadian Dollar (USD/CAD) moves from the bearish trendline up.
An ascent upwards to the next resistance at 1.37782 is likely expected.
Caution: A possible trend reversal in the direction of the support line at 1.37308 is within the realm of possibility.
Consider stop-loss settings accordingly.
Also there is a ‘StochRSI %K line crosses above %D line’ indicator signal is discovered. The indicator is ‘StochRSI %K line crosses above %D line’. which could be a positive signal. The currency pair could go up.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 1.37545 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance line at 1.37782 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.38518 |
| 2nd High | 1.37879 |
| Next High | 1.37782 |
| Current Price | 1.37446 |
| Next Low | 1.37308 |
| 2nd Low | 1.37305 |
| 3rd Low | 1.37149 |
1.37782 – 1.37736 – 1.37533 – 1.37308 – 1.37419 – 1.37428 —
1.37550 – 1.37434 —
48.349478270045 – 41.148114966269 —
– —
1.37782 – 1779280200
Trading Signals: FOREX – USD – USD/CAD – CAD – – – – – – – – – –