EUR/CAD 1D Chart: Rising Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Pair has been in a clear uptrend for more than half a year now. Taking in to the account that we have a Wedge type of pattern at hand it is important to notice that trading volume has decreased in the length of the pattern. It is likely that increase in it will be seen once the pair approaches some important psychological level. Closest to it at the moment is patterns boundaries. When the pair breaches it, we should see a significant increase in the trading magnitude what offers trading opportunities with significant gains. It might be that we will see some strong bearishness shortly ad the pair approaches significant psychological level at 1.4130.

© Dukascopy Bank SA
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