Mon, 19 Nov 2012 10:48:14 GMT
Weekly trade pattern idea
USD/CAD has formed a Channel Down pattern on 1D chart. The pattern has 56% quality and 81% magnitude on in the 298-bar period.Pattern started on 4th of October, 2011, when the pair peaked to 1.0658; currently it is trading slightly below 200-day SMA at 0.9995. Technical indicators on aggregate point at appreciation of the pair on 1D horizon suggesting it