USD/CAD – 1H – BUYThe combination US Dollar/Canadian Dollar (USD/CAD) goes from the ascending trendline up.
A continuation of the upward movement upwards to the next resistance level at 1.42241 is expected.
Caution: A possible reversal of the trend in the direction of the support line at 1.41778 is also possible.
Consider stop-loss settings accordingly.
Additionally a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which is often a bullish signal. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.42472 |
| 2nd High | 1.42348 |
| Next High | 1.42241 |
| Current Price | 1.41820 |
| Next Low | 1.41778 |
| 2nd Low | 1.41749 |
| 3rd Low | 1.41688 |
1.42241 – 1.42348 – 1.42472 – 1.41778 – 1.41749 – 1.41688 —
1.42066 – 1.41856 —
47.325599255805 – 40.330193696329 —
– —
1.42241 – 1782961200
Trading Signals: FOREX – USD – USD/CAD – CAD – – – – – – – – – –