It looks like an ascending channel is spotted, the price is about to break out.
Once price breaks through the support, the resulting move could signal that the price to go short.
It is possible that decline towards the 1.405 mark will take place as usdcad keeps the bid tone.
USD/CAD: Descending Triangle
USD/CAD,
1 day
LONG
Sep 24
As we can see the price composes a descending triangle and the price is ready to break out soon.
If price breaks out to the the upside, the resulting move could spot a bullish price action.
Usdcad to extend its advance towards 1.39 on a breach of 1.384.
USD/CAD: Pennant
USD/CAD,
1 hour
SHORT
Mar 20
As we can see a pennant has been noticed and the price is breaking out.
If price breaks out, the resulting move could identify that the price to go short.
There is a possibility of a further move towards 1.357 once below 1.3582.
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: 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: Ascending Channel
USD/CAD,
1 day
SHORT
6 days ago
It seems like usdcad sets up an ascending channel, the price is breaking out.
An ascending channel suggests a specific indicator that signals a change in the prevailing trend in case if price breaks below support.
It is not ruled out that corrective downside towards the 1.395 mark will occur while lower than 1.4.
USD/CAD: Descending Channel
USD/CAD,
1 hour
LONG
Oct 20
A descending channel is recognized and the price lacks a next strong bullish action to confirm descending channel breakout.
When price breaks above resistance, the resulting move could predict price reversal after a pause.
There is a probability of a bullish continuation to 1.405 as usdcad probes 1.4038 hurdle.
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
Oct 20
A descending channel pops up, usdcad needs a steady move as a sign of a breakout.
A descending channel is said to depict a compelling bullish price formation with a downward bias that often identifies a bullish price action if price breaks out.
Usdcad does not rule out a move to the 1.405 mark.
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.
USD/CAD: Descending Triangle
USD/CAD,
1 hour
LONG
Feb 27
It seems like USD/CAD establishes a descending triangle, the price needs a bit more consolidation as an indication of a breakout.
A descending triangle provides a bullish signal that results in a next move up when price breaks out.
It is possible that a bullish run towards the 1.352 level will be made as USD/CAD challenges 1.3512 hurdle.
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