The combination US Dollar/Canadian Dollar (USD/CAD) goes from the descending trendline downwards
A continuation of the bearish trend down to the next support at 1.39798 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 1.40155 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The currency pair could go down.
Next a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which could be a negative signal. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.40235 |
| 2nd High | 1.40181 |
| Next High | 1.40155 |
| Current Price | 1.40057 |
| Next Low | 1.39798 |
| 2nd Low | 1.39502 |
| 3rd Low | 1.39312 |
1.40024 – 1.40155 – 1.40181 – 1.39798 – 1.39502 – 1.39546 —
1.40040 – 1.40147 —
48.835126827341 – 66.173747100033 —
– —
1.40024 – 1781652600
Trading Signals: FOREX – USD – USD/CAD – CAD – – – – – – – – – –