Mon, 10 Dec 2012 16:10:24 GMT
Weekly trade pattern idea
USD/CAD has formed a Channel Down pattern on the 1D chart. The pattern has 56% quality and 81% magnitude on in the 298-bar period.The pattern started on the 4th of October, 2011, when the pair peaked to 1.0658; currently it is trading at 100-day SMA at 0.9883. The RSI and the Stochastic indicators are in oversold area suggesting pair might