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USD/CAD

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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: 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: 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: Ascending Channel

USD/CAD, 4 hours    SHORT Mar 1
There is an ascending channel exposed. An ascending channel identifies a signal that can be used to predict a bearish move once price breaks out to the the downside. Extra downside towards 1.35 is on the cards.

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.

USD/CAD: Descending Channel

USD/CAD, 1 hour    LONG Jan 22
There is a descending channel forming. A descending channel is a useful bullish formation that is angled down that signals an extension in the upward direction when price breaks through the resistance. USD/CAD to turn bullish towards 1.346 as bulls seeking a new high.

USD/CAD: Ascending Triangle

USD/CAD, 1 hour    LONG Sep 5
The price builds an ascending triangle. An ascending triangle is a price indicator that is used to spot a further move up once price breaks out. A move to the 1.361 zone is possible on impulse above 1.3604.

USD/CAD: Rectangle

USD/CAD, 1 hour    LONG Jun 23
It looks like a rectangle is nearing completion. A rectangle identifies a specific bullish indicator that typically indicates that prices are likely to keep rallying upward once price breaks out to the the upside. USD/CAD risks a move towards 1.318 as bulls looking for profit.

USD/CAD: Rectangle

USD/CAD, 1 hour    LONG Dec 28
A rectangle arises. A rectangle is a technical pattern that can be used to identify the bears have run out of steam when price breaks out to the the upside. There is a chance of a bullish continuation towards 1.324 on a breakout of the rectangle.
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