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USD/CAD

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USD/CAD: Pennant

USD/CAD, 4 hours    LONG 4 days ago
It seems like USD/CAD completes a pennant, the price is about to break out soon. A pennant depicts a reliable bullish indicator that signals the more likely potential of rising prices if price breaks out to the the upside. There is a probability of a bullish push up towards 1.352 as USD/CAD becomes bid.

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.

USD/CAD: Ascending Triangle

USD/CAD, 4 hours    SHORT Mar 5
As we can see the price creates an ascending triangle, the price is about to break out now. In case if price breaks out, the resulting move could predict a move down. There is a possibility of a bearish run towards 1.356 as the currency pair sticks to the negative mood.

USD/CAD: Descending Channel

USD/CAD, 1 hour    LONG 4 days ago
A descending channel is nearing completion, the price demands a bit more consolidation as proof of a breakout. If price breaks above resistance, the move could identify that the price to go long. It is possible that a rangebound to 1.348 will take place once above 1.348 as outlook for the currency pair stays positive.

USD/CAD: Ascending Channel

USD/CAD, 1 hour    SHORT May 31
As we can see the price builds an ascending channel and the price needs a more steady move as proof of a breakout. An ascending channel spots a break in the price direction once price breaks down. USD/CAD tests a move towards the 1.356 mark as indicators turn bearish.

USD/CAD: Ascending Channel

USD/CAD, 1 hour    SHORT Sep 8
As we can see an ascending channel is close to being completed, the price is ready to break out. An ascending channel is said to depict a reliable pattern that typically indicates a pause in an uptrending market if price breaks out. USD/CAD to head towards 1.364 on a downside break as minor hurdle remains at 1.366.

USD/CAD: Bullish Flag

USD/CAD, 1 hour    LONG 5 days ago
There is a bullish flag spotted. A bullish flag is said to depict a specific chart signal that identifies a bullish price action once price breaks out to the the upside. USD/CAD to have better chances of advancing to the 1.348 mark as USD/CAD becomes bid.

USD/CAD: Descending Triangle

USD/CAD, 1 hour    LONG Apr 25
We can see that a descending triangle is observed and the price asks for a further move as a clue of a breakout. A descending triangle denotes a useful chart formation that is used to signal that the price to go up in case if price breaks out. USD/CAD risks a move to the 1.355 zone on a break above 1.3538.

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: Descending Channel

USD/CAD, 1 hour    LONG Feb 13
There is a descending channel occuring, the price is ready to break out. A descending channel typically signals a bullish price action in case if price breaks out to the the upside. USD/CAD to maintain its positive tone to the 1.347 zone on a breakout of the descending channel as USD/CAD is at a brink of a bullish breakout.

USD/CAD: Descending Channel

USD/CAD, 1 hour    LONG Nov 22
A descending channel has been distinguished. A descending channel tends to be a specific chart pattern that is angled down that is used to spot the bears have run out of steam when price breaks through the resistance. There is a possibility of a further bullish run to 1.371 as there is a chance for a upside correction.
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