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USD/CAD

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USD/CAD: Descending Triangle

USD/CAD, 1 hour    SHORT 16 hours ago
USD/CAD completes a descending triangle, the price lacks a bigger move as a clue of a breakout. A descending triangle tends to be a specific chart pattern that spots a bearish move in case if price breaks out to the the downside. It is likely that extra downside towards 1.232 will take place on a breakout of the descending triangle.

USD/CAD: Falling Wedge

USD/CAD, 1 day    LONG Jun 4
We can see that the price completes a falling wedge. A falling wedge provides a specific formation with a downward bias that often indicates a break during a downtrending market once price breaks above resistance. There is a possibility of a further bullish push up to the 1.22 zone on a upside break as outlook for USD/CAD stays positive.

USD/CAD: Bullish Flag

USD/CAD, 1 hour    LONG 6 days ago
A bullish flag is found, the price is close to breaking out now. A bullish flag suggests a specific price action indicator that typically predicts a bullish price move once price breaks out to the the upside. A bullish run to 1.221 is on the cards once beyond 1.2195.

USD/CAD: Symmetrical Triangle

USD/CAD, 1 hour    SHORT Apr 28
A symmetrical triangle arises. A symmetrical triangle depicts a specific bearish price signal that is used to spot a bearish price action in case if price breakdown occurs. USD/CAD hints a change to the downside to 1.239.

USD/CAD: Descending Channel

USD/CAD, 1 day    LONG May 27
There is a descending channel detected and the price expects a further bigger move for the certainty of breakout. In case if price breaks out to the the upside, the resulting move could identify a bullish price move. USD/CAD to push up to 1.22 on a breakout of the descending channel as USD/CAD loses bearish momentum.

USD/CAD: Pennant

USD/CAD, 1 hour    LONG May 26
USD/CAD sets up a pennant and the price is breaking out. A pennant is said to depict a useful bullish pattern that identifies a sharp rise in case if price breaks out to the the upside. USD/CAD now looks towards the 1.208 zone as door open for the continuation of the uptrend.

USD/CAD: Rectangle

USD/CAD, 1 hour    SHORT Apr 26
We can see that a rectangle is discovered, the price is going to break out soon. In case if price collapses through the support line, the move could signal that the price to go short. A rangebound towards the 1.245 mark looks probable.

USD/CAD: Descending Triangle

USD/CAD, 1 hour    SHORT May 6
A descending triangle is recognized. A descending triangle denotes a reliable bearish indicator that can be used to identify a bearish price action when price breaks below support. USD/CAD opens door for a move towards 1.224.

USD/CAD: Bullish Flag

USD/CAD, 1 hour    LONG Jun 15
We can see that a bullish flag occurs. A bullish flag is said to depict a reliable bullish price signal that often results in that the price to go up in case if price breaks above resistance. It is likely that a bullish push up to 1.217 will be made.

USD/CAD: Descending Triangle

USD/CAD, 4 hours    SHORT May 5
There is a descending triangle appearing, the price wants a further strong move as a clue of a breakout. A descending triangle describes a formation that often identifies an extension in the downward direction once price collapses through the support line. There is a probability of a bearish run towards the 1.215 zone on a breach of 1.226.

USD/CAD: Rectangle

USD/CAD, 1 day    SHORT Apr 29
It looks like a rectangle forms, USD/CAD asks for a more active move for clear breakout confirmation. A rectangle often results in that the price to go short once price breaks down. USD/CAD to drop to 1.23.

USD/CAD: Pennant

USD/CAD, 1 hour    LONG 6 days ago
It seems like a pennant is diagnosed. A pennant identifies a reliable bullish pattern that is used to indicate a next move up in case if price breaks through the resistance. USD/CAD to have better chances of advancing to 1.222 on a breach of 1.219 as indicators favor bulls.
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