Intrday Triple Top on USD/CAD |
|
Wit the slight uptrend on the 30-minute chart about to be tested in a major way, the 30-minute chart of the USD/CAD is at a major decision level as a triple top has formed along 1.0395, 1.0391, and 1.0385.
Summary
| Target Level | 1.0389 (JUST BELOW TRIPLE TOP RESISTANCE) | |
| Target Period | 2 hours | |
| Stop Level | 1.0305 |
Analysis
Triangle identified at 28-Jul 13:30 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.0389.
Supporting Indicators
Upward sloping Moving Average
Resistance Levels
| (F) | 1.0441 | Last resistance turning point of Triangle. | |
| (B) | 1.0389 | Last resistance turning point of Triangle. |
Support Levels
| (E) | 1.0345 | Last support turning point of Triangle. (FIRST DOWNSIDE SUPPORT LEVEL AFTER EXHAUSTION) | |
| (A) | 1.0305 | Last support turning point of Triangle. |
Filed under: Chartology
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