The combination US Dollar/Canadian Dollar (USD/CAD) moves from the bullish trendline upwards
A continuation of the upward movement up to the next resistance line at 1.39901 will continue.
Caution: A possible reversal of the trend in the direction of the support zone at 1.39546 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘StochRSI %K line crosses above %D line’ indicator signal is existing. The indicator shows ‘StochRSI %K line crosses above %D line’. which is often a bullish signal. The currency pair is likely to rise.
In addition a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which could be a positive signal. The currency pair could go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.40235 |
| 2nd High | 1.39956 |
| Next High | 1.39901 |
| Current Price | 1.39697 |
| Next Low | 1.39546 |
| 2nd Low | 1.3953 |
| 3rd Low | 1.39312 |
1.39901 – 1.39956 – 1.40235 – 1.39546 – 1.3953 – 1.39312 —
1.39741 – 1.39608 —
49.515724624553 – 31.793623768617 —
– —
1.39901 – 1781307000
Trading Signals: FOREX – USD – USD/CAD – CAD – – – – – – – – – –