Here we are going to have a special multi timeframe analysis for USDCAD.
-------------------------------
First of all, we have the Weekly chart:
snapshot
The last triangle wave (E) is expected to be done and the price of around 1.29286 is a significant resistance zone.
-------------------------------
Let's move to the Daily chart:
snapshot
On daily chart, we can see a beautiful bullish flag pattern that the target after the breakout can be around the red zone.
-------------------------------
And here is the 4H chart:
snapshot
I hope that this scenario happens soon...

Thanks for your support and patience >_-
--Good luck--
Chart PatternsForexTrend AnalysisUSDCADWave Analysis

Publications connexes

Clause de non-responsabilité