Gold-Tech

đŸ’±USDCAD - symmetrical triangle on a bullish trend

LĂ„ng
FX:USDCAD   USA-dollar/Kanadensisk dollar
USDCAD is in consolidation. A symmetrical triangle with a correction phase to the support area is being formed. The trend is upward, the currency pair follows the dollar index


TA on the high timeframe:
1) The dollar index is going to rise, and so is the USDCAD currency pair.
2) A rebound from the support area with further breakout of the triangle resistance is possible.

TA on the low timeframe:
1) the price is heading towards the triangle support. This is acceptable as long as the dollar indes stands still
2) A bullish bounce may follow from the support on the backdrop of the uptrend
3) I will wait for a breakout of the pattern resistance to open a trade

Key resistance📈: 1.36559
Key support📉: 1.36190

All about GOLDđŸ„‡
Trading Tips💡
Secrets of🔑
Analysis📊
Forecasts🔔

FREE TELEGRAM:

đŸŒč Telegram channel: t.me/Go1dTech

😍 My contact: t.me/GoldTech
FrÄnsÀgelse av ansvar

Informationen och publikationerna Àr inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av rÄd eller rekommendationer som tillhandahÄlls eller stöds av TradingView. LÀs mer i AnvÀndarvillkoren.