Tuesday, August 23, 2011

USD/CAD Symmetrical Triangles on H4 Chart

An well-nigh flawless symmetrical triangles pattern has formed steady the USD/CAD H4 chart. The current cost is quite close to the figure’s apex, signaling a remind breakout. The previous tendency is clearly bullish, hinting that the bullish breakout should exist expected. In case of a boorish breakout, the pattern may not maintain itself. USD/CAD @ 1.0163 seems to subsist a likely target with regard to the bullish breakout, while 0.9648 is the  mean average-term support level in specific instance of a uncourteous breakout. You can click the statue below to get a  well stocked-sized chart:

USD/CAD Chart taken in the character of of 2011-08-14



If you regard any questions or comments respecting this EUR/USD chart pattern, please be conscious of being free to answer via the cast below.


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