The currency pair US Dollar/Canadian Dollar (USD/CAD) breaks through the descending trendline up.
A bullish trend upwards to the next resistance line at 1.41712 is likely expected.
Caution: A possible change in the direction of the support level at 1.4117 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart scenario. The currency pair is likely to rise.
And also a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which could be a positive chart signal. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.41959 |
| 2nd High | 1.41894 |
| Next High | 1.41712 |
| Current Price | 1.41599 |
| Next Low | 1.4117 |
| 2nd Low | 1.39951 |
| 3rd Low | 1.39798 |
1.41712 – 1.41894 – 1.41959 – 1.4117 – 1.41356 – 1.41583 —
1.41360 – 1.41595 —
40.097429903659 – 52.747755668628 —
– —
1.41712 – 1783692000
Trading Signals: FOREX – USD – USD/CAD – CAD – – – – – – – – – –