Fundamentally we know that GBP is strong and that CAD is weak. GBP had a good beat on GDP data yesterday. CAD has been weaker due to the neutral/dovish statements made yesterday by the Bank of Canada. There was a large initial move yesterday and we are currently in a pullback. While in the pullback the a Triangle/Wedge/Pennant formation developed. I know they are all technically different, but to me they all represent a consolidation before a breakout. I use Fundamentals to determine direction. So to me, they are all more or less the same.
I thought this was a good example. Hopefully it continues to break upwards.
I thought this was a good example. Hopefully it continues to break upwards.
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Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.