(This post is to be a collection place/"container" for all CAD - Canadian Dollar - and related pairs.
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After weeks of consolidation near the bottom of a rising, long-term, weekly price trend channel, the USDCAD looks to be poised for a near-term,...
OK, so the CAD/HUF is not the most liquid of pairs - although quite tradable -, it is the pair which best expresses the upcoming abyss, the EU as a whole staring into.
As for conviction; I owned some real estate all over the EU (not that I cared for them, too much. It was just a good price at the time.) BUT I've completed dumping them all - about 4 months ago....
Pattern: Descending Triangle on 1W.
Signal: Bullish as the current bullish leg is expected to price a new Lower High after a minor pull back.
Target: 0.89000 (Lower High) and 0.92000 (just below the 1W Resistance) if the Lower High trend line (red) breaks.
