Currently set to No Index
Currently set to No Follow

Descending Triangle Support broken on USDCAD 4hr chart

USDCAD Descending Traingle Analysis

USDCAD formed lower highs, equal lows which creates a descending triangle pattern.

Today, Market broken the support level of Descending Triangle after long time.

Crude oil price rising continuously in an Uptrend.

Due to Oil markets rise, CAD currency getting stronger now.

This is the reason for breakout at the bottom zone of this descending triangle pattern.

Check live Free forex signals now.

To increase your trading profits, read this below topics:

Forex Trading Complete Guide

How to trade profitably using Chart Patterns?

Low risk, High reward trading strategies

How to get rich trading forex market?

Best Forex Brokers

Most predictable Currency Markets

If you want to learn more successful trading techniques with free mentorship support, you can purchase the forex trading video course.

Thank you.


Forex GDP team provides High Quality Forex signals services exclusively to all type of traders around the world. Each signal given with chart analysis that helps you to trade with confidence on your account. Forex GDP team worked with Major banks, Financial Institutions, Liquidity providers, Forex brokers in different job positions such as Equity Dealer, Fund Manager, Senior Market Analyst, Risk Manager and other major roles in Forex Trading Companies. Try free now to see the quality trades on your account.

Don't trade all the time, Trade Forex only at Confirmed Setup