Daily Forex Update: USD/CAD

От: Дима Chernovolov

USD/CAD continues to fall inside the uniform Rising Wedge chart pattern which was previously identified by Autochartist on the 4-hour charts. Autochartist measures the Quality of this chart pattern at the 7-bar level – which is the result of the above Initial Trend (5 брусья), substantial Uniformity (8 брусья) and significant Clarity (7 брусья). Higher uniformity reflects the even distribution of the connecting points of this chart pattern. USD/CAD is expected to fall toward the lower support trendline of this Rising Wedge (standing near 1.3130).


As you can see from the daily USD/CAD chart below, the top of this Rising Wedge formed when the pair reversed down from the resistance zone lying between the upper daily Bollinger Band, major resistance level 1.3290 а также 38.2% Fibonacci correction of the previous sharp downward impulse from January. The proximity of this resistance zone adds to the likelihood USD/CAD will continue to fall inside this Rising Wedge.


To subscribe to the e-mail alerts feature is quick and easy. Log into the Autochartist platform, click on ‘Alerts & Messaging’, enter your email address, select the market you want covered, select your language, and the time you want to get your report, and you’re done! You will now receive a quick morning technical outlook of the markets.


Для получения более подробной информации об этом и других продуктах Autochartist посетите www.autochartist.com

0 Нравится
279 Просмотры

Вам также может понравиться

Leave A Comment

Please enter your name. Please enter an valid email address. Please enter message.


* = Обязательное поле