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AUD/CAD 1H Chart: Descending Triangle

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 24, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
    Likes Received:
    EUR/TRY 1H Chart: Channel Down Comment: EUR/TRY keeps trading within a well-defined descending channel we found last week, which implies that the overall outlook remains bearish. We expect a decline in the near term as well, considering that the currency pair is right at the upper boundary of the pattern. The gains are to be limited by the falling resistance line at 3.0350, while the target is 2.9880, where the lower trend-line merges with the daily S3 and weekly S1 levels. At the same time,

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