Technical Analysis : USD/CAD 18 May 2020

Forex Technical Analysis : USDCAD

Target Level 1.3900

Date : 18 May 2020

Support Line (A) : 1.3900 – Last TP of Triangle

Resistance Line (B) : 1.4141 – Last TP of Triangle

Target Period : 2 days

Interval : 4 hours

Pattern : Triangle

Length : 105 Candles

Detail : Triangle identified at 15-May-08:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.3900 within the next 2 days.

Warning : This information isn’t a buy-sell signal. Please use this information for the trade guideline.

Source : Autochartist

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– Analysis as low as 15 minute data intervals.

– Short term forcasts.

– Risk and volatility information.