A rectangle is almost finished and USD/CAD wants a more move for clear breakout confirmation.
A rectangle typically identifies the bears have run out of steam once price breaks out.
USD/CAD challenges a move towards the 1.365 mark on a breach of 1.36 as indicators favor bulls.
USD/CAD: Ascending Channel
USD/CAD,
4 hours
SHORT
Oct 21
An ascending channel is close to being completed, the price is close to breaking out now.
In case if price breakdown occurs, the resulting move could identify that the price to go short.
Usdcad to turn bearish to the 1.401 level on a break below 1.4015.
USD/CAD: Rectangle
USD/CAD,
4 hours
LONG
Oct 9
There is a rectangle determined, the price breaks out.
A rectangle depicts a compelling bullish chart signal that often identifies an extension in the upward direction if price breaks out.
Usdcad tests a move to the 1.398 level as bulls seeking a new high.
USD/CAD: Bullish Rectangle
USD/CAD,
1 hour
LONG
Apr 12
As we can see a bullish rectangle materializes, the price requires a further steady bullish impulse as proof of a breakout.
A bullish rectangle denotes a compelling price action indicator that can be used to indicate that the price will rally further if price breaks out.
There is a chance of a bullish move towards the 1.373 level.
USD/CAD: Ascending Channel
USD/CAD,
1 day
SHORT
Nov 19
There is an ascending channel observed and the price asks for a bigger move to confirm ascending channel breakout.
An ascending channel suggests a reliable bearish chart signal that can be used to spot a move down in case if price breaks out.
It is likely that a move to the 1.395 zone will happen.
USD/CAD: Ascending Channel
USD/CAD,
4 hours
SHORT
Oct 17
An ascending channel is close to being complete and usdcad demands a more move as a signal of a breakout.
An ascending channel results in a bearish price action once price breaks out.
Usdcad to extend the fall to 1.402 on impulse below 1.4035 as upside pressure mitigates.
USD/CAD: Ascending Channel
USD/CAD,
1 hour
SHORT
Oct 21
There is an ascending channel materializing.
In case if price breaks out to the the downside, the move could predict a bearish move.
Usdcad is at risk of extending its slump to the 1.401 level while lower than 1.4018.
USD/CAD: Ascending Channel
USD/CAD,
1 hour
SHORT
Oct 21
There is an ascending channel turning up.
When price breaks out to the the downside, the move could signal a move down.
Usdcad risks extending drop towards the 1.403 level while lower than 1.404 as bears looking for downside correction.
USD/CAD: Falling Wedge
USD/CAD,
4 hours
LONG
Apr 3
USD/CAD: Rectangle
USD/CAD,
4 hours
LONG
Nov 17
A rectangle is close to being done and usdcad requests a more steady move to confirm a breakout.
A rectangle depicts a technical bullish price action signal that often predicts a bullish move when price breaks out to the the upside.
Usdcad to look for a further push to 1.404 on a breakout of the rectangle as usdcad sticks to the positive mood.
USD/CAD: Ascending Channel
USD/CAD,
1 hour
SHORT
Mar 6
We can see that an ascending channel is very close to being completed and USD/CAD expects a more strong bearish move as an information of a breakout.
An ascending channel tends to be a bearish chart formation that has an upward slope that often indicates a next move down once price breaks down.
It is likely that a bearish price action towards the 1.357 zone will be made as outlook for USD/CAD stays negative.
USD/CAD: Rectangle
USD/CAD,
1 hour
SHORT
Dec 21
A rectangle develops and the price expects a next bigger move for the certainty of breakout.
A rectangle is said to depict a technical pattern that often signals the more likely potential of falling prices once price breaks through the support.
It is not ruled out that a further bearish push down towards 1.331 will occur.
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