Technical Analysis : USD/CAD 29 May 2020

Forex Technical Analysis : USDCAD

Target Level 1.3728

Date : 29 May 2020

Support Line (A) : 1.3728 – Last TP of Falling Wedge

Resistance Line (B) : 1.3794 – Last TP of Falling Wedge

Target Period : 2 days

Interval : 1 hour

Pattern : Falling Wedge

Length : 160 Candles

Detail : Falling Wedge identified at 29-May-13:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.3728 within the next 2 days. (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

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– Analysis as low as 15 minute data intervals.

– Short term forcasts.

– Risk and volatility information.