was formed on 06.03 at 04:25:24 (UTC+0)
signal strength 3 of 5
signal strength 3 of 5
According to the chart of M30, USDCAD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 1.3554/1.3604 and upper border is 1.3660/1.3604. The pattern width is measured on the chart at -106 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and USDCAD breaches the lower border, the price could continue its move toward 1.3574.
Figure
Instrument
Timeframe
Trend
Signal Strength
