Technical Analysis : USD/CAD 1 June 2020
1 June 2020 Analysis (Forex, CFDs, Cryptocurrency)Currency PairsUSD/CAD
Forex Technical Analysis : USDCAD
Target Level 1.3699
Date : 1 June 2020
Support Line (A) : 1.3699 – Last TP of Falling Wedge
Resistance Line (B) : 1.3735 – Last TP of Falling Wedge
Target Period : 6 hours
Interval : 30 Minutes
Pattern : Falling Wedge
Length : 35 Candles
Detail : Falling Wedge identified at 01-Jun-13:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.3699 within the next 6 hours. (Supported by Downward sloping Moving Average)
Warning : This information isn’t a buy-sell signal. Please use this information for the trade guideline.
Source : Autochartist
If you open a live account with a broker that support Autochartist, you’ll get :
– Analysis as low as 15 minute data intervals.
– Short term forcasts.
– Risk and volatility information.
