Justmarkets | JUST COMFORTABLE TRADING

Ascending Triangle on USD/CAD

Ascending Triangle on USD/CAD

There is an ambiguous technical pattern on the USD/CAD currency pair. At the moment, the quotes are in a sideways trend. The key range is 1.29500-1.30350. A classical figure of the technical analysis, Ascending Triangle, has been formed in the trading instrument (H4 timeframe). We recommend you to pay attention to this situation.

If the price fixes above the key resistance of 1.30350, it is necessary to consider buying USD/CAD. The movement is tending to the round level of 1.31000. When tracking the position, we recommend using a trailing stop.

Alternative option. Ascending Triangle quite often acts as a reversal formation. If the price fixes below 1.29500, the USD/CAD quotes are expected to fall. The immediate goal for profit taking is the round level of 1.29000. The movement is tendung to 1.28500-1.28250.

by JustMarkets, 2018.06.14

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

Buka Akaun

Dapatkan Analisis Percuma

* ruang yang diperlukan
Artikel Terakhir
Semua Artikel
Apa Itu Gann Square?
Secara keseluruhan, Gann Square adalah alat unik dan rumit yang menawarkan pandangan mengenai trend pasaran dan pergerakan harga.
Baca lagi
Apa itu pendekatan Gunn?
Kaedah Gunn adalah satu pendekatan kepada perdagangan kewangan yang menggunakan kombinasi analisis teknikal, kitaran masa dan pola geometrik untuk meramalkan pergerakan harga dalam pasaran kewangan.
Baca lagi
Jangkaan Matematik dalam Perdagangan
Jangkaan matematik merujuk kepada hasil purata strategi perdagangan pada banyak perdagangan, dengan mengambil kira keuntungan dan kerugian. Ia adalah satu konsep statistik yang membantu pedagang menilai potensi keuntungan strategi mereka.
Baca lagi