As we can see a rectangle is determined.
A rectangle often spots a sharp decline in case if price breakdown occurs.
USD/CAD tests a move towards 1.354 on a breach of 1.355.
USD/CAD: Bullish Rectangle
USD/CAD,
1 hour
LONG
Apr 21
There is a bullish rectangle materializing.
When price breaks through the resistance, the resulting move could predict a bullish move.
USD/CAD is bullish and en route towards the 1.349 level.
USD/CAD: Bullish Flag
USD/CAD,
1 hour
LONG
Feb 27
We can see that a bullish flag happens, the price is about to break out soon.
A bullish flag suggests a compelling bullish price pattern that results in that the price to go long in case if price breaks out to the the upside.
It is likely that a rangebound towards 1.351 will occur.
USD/CAD: Pennant
USD/CAD,
4 hours
LONG
Jul 5
There is a pennant uncovered and the price is close to breaking out soon.
A pennant suggests a reliable indicator that is used to identify a further move up in case if price breaks above resistance.
It is not ruled out that a bullish push up towards 1.326 will form on a breakout of the pennant.
USD/CAD: Ascending Channel
USD/CAD,
4 hours
SHORT
May 30
USD/CAD gives an ascending channel and the price is ready to break out.
An ascending channel is a bearish price formation that can be used to predict an upward trend is about to reverse into an downward trend when price collapses through the support line.
A move towards 1.355 is on the cards once below 1.358.
USD/CAD: Rectangle
USD/CAD,
1 day
LONG
Feb 6
It looks like a rectangle has been identified, the price is breaking out.
A rectangle tends to be a price formation that typically spots a bullish price move when price breaks above resistance.
USD/CAD tests a move towards the 1.36 zone.
USD/CAD: Rising Wedge
USD/CAD,
1 hour
SHORT
May 22
There is a rising wedge arising, the price asks for a bigger move as a sign of a breakdown.
If price breakdown occurs, the move could identify a breakdown is likely to occur.
It is not ruled out that a further bearish move towards 1.35 will happen as there is a chance of further weakness.
USD/CAD: Descending Triangle
USD/CAD,
4 hours
LONG
Mar 6
There is a descending triangle detected, the price asks for a next active move for clear breakout confirmation.
If price breaks above resistance, the move could identify a downward trend is nearing its end.
A move to 1.364 looks likely.
USD/CAD: Descending Channel
USD/CAD,
1 hour
LONG
Nov 16
The price shapes a descending channel.
A descending channel is believed to be a price action signal that often indicates a downward trend is nearing its end once price breaks out.
USD/CAD hints a change to the upside to the 1.369 zone as bulls lurking in demand zone.
USD/CAD: Pennant
USD/CAD,
1 hour
LONG
Feb 20
A pennant has been distinguished, the price is ready to break out soon.
A pennant identifies a chart pattern that spots a bullish price action in case if price breaks out to the the upside.
A rangebound to 1.35 is possible.
USD/CAD: Descending Triangle
USD/CAD,
4 hours
LONG
Jan 11
It looks like a descending triangle comes out and the price requests a strong bullish continuation as proof of a breakout.
A descending triangle results in a bullish price action once price breaks out.
USD/CAD now looks to 1.34 on a breakout of the descending triangle as indicators turn bullish.
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