Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirepro: USD/CAD forms Bullish Gartley Pattern, good to buy at dips

  • Harmonic Pattern - Bullish Gartley Pattern
     
  • Potential Reversal Zone (PRZ) - 1.3268
     
  • Loonie has made a high of 1.33920 and started to decline from that level. It is currently trading at 1.33475.
     
  • On the lower side minor support is around 1.3200 and break below will drag the pair further down till 1.32900/1.32600/1.3240.
     
  • Overall bullish invalidation is around 1.3220.
     
  • The pair's has formed temporary high around 1.3430 and declined from that level. Any further break of temporary confirms trend reversal, a jump till 1.3450/1.3500 is possible.

It is good to buy at dips around 1.3270-75 with SL around 1.3220 for the TP of 1.3380/1.3400

 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.