USDCAD is trading inside a Triangle with the price rising after it last hit the pattern's bottom (Rising Support).
It has failed to close over Fibonacci 0.618 on six straight days.
This failure is a technical sign of trend weakness, very much alike the struggle on Fibonacci 0.618 last December.
Sell and target the Rising Support again at 1.33550.
Previous chart:
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It has failed to close over Fibonacci 0.618 on six straight days.
This failure is a technical sign of trend weakness, very much alike the struggle on Fibonacci 0.618 last December.
Sell and target the Rising Support again at 1.33550.
Previous chart:
Follow us, like the idea and leave a comment below!!
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TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
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TELEGRAM: t.me/thecryptagon
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TELEGRAM: t.me/thecryptagon
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.