Will the Ascending Triangle hold or fail? Plot your targets on the chart.
Bullish continuation pattern.
Consolidation. Can break either way.
A clear signal has emerged for /USDCAD (USD/CAD) on the daily chart. The stock is trading at $1.41, up 0.99% on the day. Algorithmically, a Ascending Triangle structure has completed. Volume is average (1.0x avg) with high trend strength (90.6). A potential breakout level is identified at $1.41, targeting $1.46 with support near $1.39 (R:R 1.84).
What is your outlook on USD/CAD?