Flag Pattern Emerging USDCAD

U.S. Dollar/Canadian DollarFXCM

Description

⋅ Feb 10, 2015 12:31 PM

A symmetrical triangle pattern is emerging on USDCAD but which way is it going to go?

I think looking at previous resistance points that a bearish outcome is likely.

Comments

joe.douglas89

⋅ Feb 11, 2015 6:20 AM

So it broke out bullish is the 1.2616 and then settling on the 1.2576 resistance level. My guess is it will fall back to around the 1.2400 area. Who knows?

joe.douglas89

⋅ Feb 10, 2015 12:32 PM

Sorry the lines have not matched up.