Forex: USD/CAD Technical Analysis – 1.10 Figure Caps Upswing
To receive Ilya's analysis directly via email, please SIGN UP HERE
- Prices moved higher as expected, completing a Triangle chart formation
- A Shooting Star candle hints a pullback may be ahead; support is at 1.0910 (100% Fib)
- Breaking lower exposes 1.0834 (76.4% Fib); resistance is at 1.0986 (123.6% Fib)
Confirm your chart-based trade setups with the Technical Analyzer.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
Contact and follow Ilya on Twitter: @IlyaSpivak
New to FX? START HERE
For live market updates, visit the Real Time News Feed
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.