A falling wedge is close to being finished, the price lacks a strong move to confirm falling wedge breakout.
A falling wedge is believed to be a technical pattern that can be used to spot a bullish price action if price breaks out.
USD/CAD opens door for a move towards the 1.355 level as uptrend may continue.
USD/CAD: Pennant
USD/CAD,
1 hour
LONG
Aug 15
A pennant is determined and the price is about to break out.
Once price breaks through the resistance, the resulting move could indicate a bullish move.
A move towards 1.348 is on the way on impulse above 1.3468 as outlook for the currency pair stays positive.
USD/CAD: Bullish Flag
USD/CAD,
1 hour
LONG
Oct 31
There is a bullish flag diagnosed, USD/CAD asks for a more move to confirm a breakout.
A bullish flag predicts a break in the price direction if price breaks out to the the upside.
There is a chance of a bullish continuation to the 1.385 level.
USD/CAD: Pennant
USD/CAD,
1 hour
LONG
Mar 25
There is a pennant poping up and the price is ready to break out soon.
A pennant depicts a compelling bullish price signal that predicts that prices are likely to keep rallying upward once price breaks above resistance.
USD/CAD to grind higher towards 1.359.
USD/CAD: Descending Channel
USD/CAD,
1 hour
LONG
Nov 6
There is a descending channel recognized, the price is going to break out.
A descending channel is a price indicator that can be used to signal a sharp rise if price breaks above resistance.
A bullish push up to the 1.37 mark is likely to happen on a breach of 1.366.
USD/CAD: Ascending Channel
USD/CAD,
1 hour
SHORT
Jul 26
There is an ascending channel observed, the price needs a more bigger bearish move for the certainty of breakout.
An ascending channel represents a reliable indicator that can be used to spot a change in price direction when price breaks through the support.
USD/CAD pulls back to the 1.318 level as gains remain capped.
USD/CAD: Rectangle
USD/CAD,
1 hour
SHORT
Nov 1
There is a rectangle taking place, the price requires a steady move to confirm rectangle breakout.
A rectangle describes a useful indicator that is used to predict a next move down once price breakdown occurs.
USD/CAD to increase bearish potential to the 1.385 mark on a breakout of the rectangle as bears seeking a new low.
USD/CAD: Descending Channel
USD/CAD,
4 hours
LONG
Sep 29
There is a descending channel noticed.
A descending channel provides a signal that identifies extending an uptrend when price breaks above resistance.
There is a probability of a move to the 1.354 level as downside pressure mitigates.
USD/CAD: Descending Channel
USD/CAD,
1 hour
LONG
Sep 26
A descending channel emerges, USD/CAD wants an active bullish continuation as a verification of a breakout.
When price breaks through the resistance, the resulting move could indicate price reversal after a pause.
USD/CAD to prolong the growth phase to the 1.348 zone.
USD/CAD: Bearish Flag
USD/CAD,
1 hour
SHORT
Jun 5
There is a bearish flag discovered, the price is ready to break out now.
A bearish flag denotes a specific price action indicator that is used to signal prices are likely to keep falling downward when price breaks out.
USD/CAD set to accelerate its decline towards 1.342.
USD/CAD: Descending Triangle
USD/CAD,
1 hour
LONG
May 10
A descending triangle is close to being finished, USD/CAD calls for more strong rise as a sign of a breakout.
If price breaks above resistance, the resulting move could predict a further move up.
There is a probability of a bullish push up to 1.34.
USD/CAD: Descending Channel
USD/CAD,
1 hour
LONG
Jul 5
The price composes a descending channel, USD/CAD requests a strong bullish continuation as proof of a breakout.
A descending channel can be thought of as a useful price action pattern that can be used to signal a sharp rise in case if price breaks out.
USD/CAD challenges a move to 1.325 on a upside break.
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