The currency pair US Dollar/Canadian Dollar (USD/CAD) moves from the descending trendline down.
A continuation of the downtrend downwards to the next support level at 1.41772 will continue.
Caution: A possible trend reversal in the direction of the resistance line at 1.42093 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative signal. The pair is likely to go down.
In addition a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which is often a bearish chart signal. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.42734 |
| 2nd High | 1.42478 |
| Next High | 1.42093 |
| Current Price | 1.41836 |
| Next Low | 1.41772 |
| 2nd Low | 1.41686 |
| 3rd Low | 1.41505 |
1.42093 – 1.42478 – 1.4243 – 1.41889 – 1.41772 – 1.4215 —
1.41857 – 1.42001 —
38.423048453562 – 59.133396222276 —
– —
1.42093 – 1782450000
Trading Signals: FOREX – USD – USD/CAD – CAD – – – – – – – – – –