USD/CAD 30-minute Distribution Price action |
|
Look for more range-bound distribution price action out of the shorter term, intraday USD/CAD.
Chart date range20-Jul 14:30 GMT-> 23-Jul 16:30 GMTData Interval 30 Minutes
Summary
| Target Level | 1.0345 | |
| Target Period | 3 hours | |
| Stop Level | 1.0394 |
Analysis
Descending Triangle identified at 23-Jul 10:00 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support at 1.0345.
Supporting Indicators
Downward sloping Moving Average
Resistance Levels
| (B) | 1.0394 | Last resistance turning point of Descending Triangle. |
Support Levels
| (A) | 1.0345 | Last support turning point of Descending Triangle. |
Filed under: Chartology
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