USDCAD is going down?


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Leinad Kerginsten
Leinad Kerginsten published an idea on USDCAD, H1
4 years ago

We've got a pennant formation here and as long as it stay as this or turn into flag which is possible, I expect this to go down after breaking 1.30575

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  • Igor Balan
    Igor Balan4 years ago

    I looks more like an ascending triangle than a pennant to me...

  • Steve Sandblast
    Steve Sandblast4 years ago

    I thought that bullish triangle should be broken in a different direction.

    • DCNNR
      DCNNR4 years ago

      Agree, but ascending triangle could be also a reversal pattern, so it was a good idea for long.


That should interest you published an idea on USDCAD, H4

Canadian in suspense

Despite the exit from consolidation, the currency pair is still in doubt. The reason is today's data, which in one part is forecast to improve the situation in the US, ie "core retail sales" which is expected to be positive compared to the last…

Will Duxon published an idea on USDCAD, D1


This pair looks to be rounding out the bottom of a bowl. So, will it now begin forming the right-hand side of the dish? Only time will tell.

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