Bearish Pennant Formation on CADCHF?

2023년 2월 7일

The CADCHF is currently forming a bearish pennant, which could signal a significant downside move if the price breaks out to the downside, toward the previous swing low at 0.66 from March 2020.

This would be a similar pennant pattern (November 2022) leading to a move to the downside, with the price dropping to test the 0.68 support level.

Additional downward pressure could come from further weakness in the Canadian Dollar, especially with the employment data due to be released later in the week

2023년 2월 14일

노트

The price is STILL trading within the bearish pennant! The longer price stays trapped within the pattern, the larger the potential move following the breakout.

Still watching this with intent!

2023년 2월 27일

주문취소됨

pattern dragged on without the breakout anticipated