Get started
zorrays

USDCAD - NEUTRAL - ASCENDING CHANNEL + FALLING WEDGE

U.S. Dollar / Canadian Dollar (OANDA:USDCAD)  
zorrays Updated   
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Chart Patterns Beyond Technical Analysis USDCAD usdcadshort usdcadlong Fibonacci Retracement Wedge Parallel Channel DXY Forex fx
2
0
trendanalysis chartpattern beyondta usdcad usdcadshort usdcadlong fibonacciretracement wedgepattern parallelchannel dxy forex fx
OVERALL, ON DAILY CHART, PRICE IS STUCK IN AN ASCENDING CHANNEL. WITHIN THE CHANNEL PRICE HAS CURRENTLY FORMED A FALLING WEDGE.

EVENTUALLY, IT WILL BREAK THE ASCENDING CHANNEL BUT THE QUESTION IS WHETHER IT WILL BREAK IT NOW OR BREAK AND REACH THE BASE OF THE FALLING WEDGE AND THEN DROP.
Trade closed: target reached:
Target reached
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.