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ProficientForex

USDCAD: Ending Diagonal Pattern

Long
Dollar Américain / Dollar Canadien (FX:USDCAD)  
ProficientForex  
FX:USDCAD   Dollar Américain / Dollar Canadien
Chart Patterns Wave Analysis Technical Indicators USDCAD usdcadforecast usdcadanalysis usdcadsetup usdcadprediction usdcadsignal pf-marketanalysis usdcadidea
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chartpattern waveanalysis indicator usdcad usdcadforecast usdcadanalysis usdcadsetup usdcadprediction usdcadsignal pf-marketanalysis usdcadidea
In some cases, we cannot detect the main trend clearly. But there are patterns that are helpful, they temporarily show the trend. One of these patterns is Diagonal.
As you can see in the image, the Diagonal pattern is formed and we are waiting for the price to increase to the range of 1. 3411. To get the confirmation for the uptrend, the price should cross the range of 1.2835.
In addition, convergence is evident in RSI. This analysis will be violated by crossing the price from the range of 1.2588.

Idées en relation

ProficientForex
USDCAD-Waiting for the downtrend expansion
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