Technical Analysis : USD/CAD 28 May 2020

Forex Technical Analysis : USDCAD

Target Level 1.3734

Date : 28 May 2020

Support Line (A) : 1.3734 – Last TP of Descending Triangle

Resistance Line (B) : 1.3781 – Last TP of Descending Triangle

Target Period : 6 hours

Interval : 15 Minutes

Pattern : Descending Triangle

Length : 78 Candles

Detail : Descending Triangle identified at 28-May-12:45. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.3734 within the next 6 hours.

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.