USDCAD Symmetrical Triangle is a Continuation Pattern

9 באפר׳ 2019

Basic textbook stuff. Symmetrial triangles tend to be continuation patterns. The trend in years prior was dollar strengthening. Although I do not believe the dollar would continue to strengthen from exogenous factors in the event of a major financial crisis or even a downturn, technical theory suggests that this pair should break to the upside of this symmetrical triangle.