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Chart Of The Day: USD/CAD

Discussion in 'Technical Analysis' started by ActionForex.com, Mar 28, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
    Likes Received:
    It seems like flags and pennants are everywhere these days. But this comes as no surprise, as these consolidation patterns are among the most common formations found on currency charts. The long-term USD/CAD weekly chart, as shown, is no different. Entrenched in a long-term downtrend channel for many years, this...

    complete article here...

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