A rectangle has been found and the price calls for a next active bullish continuation as evidence of a breakout.
A rectangle is a useful price indicator that can be used to indicate the more likely potential of rising prices once price breaks out.
It is possible that a further bullish push up towards 1.318 will form on a breach of 1.3175 as minor hurdle remains at 1.3175.
USD/CAD: Descending Channel
USD/CAD,
4 hours
LONG
Jan 31
USD/CAD establishes a descending channel, the price calls for a further strong move as an information of a breakout.
A descending channel identifies a specific bullish chart formation that is angled down that is used to signal a move up once price breaks out.
USD/CAD to head towards the 1.35 zone on a break above 1.344.
USD/CAD: Rising Wedge
USD/CAD,
4 hours
SHORT
Nov 2
As we can see a rising wedge materializes and the price is ready to break out now.
A rising wedge often identifies prices are likely to keep falling downward once price breakdown occurs.
There is a possibility of a further rangebound to 1.382.
USD/CAD: Rectangle
USD/CAD,
1 hour
SHORT
May 4
There is a rectangle encountered, the price breaks out soon.
When price breaks out to the the downside, the resulting move could indicate the more likely potential of falling prices.
USD/CAD turns bearish to the 1.358 zone on a breakout of the rectangle as USD/CAD sticks to the negative mood.
USD/CAD: Bullish Flag
USD/CAD,
1 hour
LONG
Aug 1
A bullish flag has been uncovered and the price lacks a next move to confirm a breakout.
A bullish flag can be thought of as a formation that is angled down that is used to predict a further move up once price breaks above resistance.
There is a possibility of a rangebound to 1.326.
USD/CAD: Ascending Triangle
USD/CAD,
1 day
SHORT
Nov 23
There is an ascending triangle developing and USD/CAD requires a bigger correction for the certainty of breakout.
Once price breaks through the support, the move could signal extending an downtrend.
USD/CAD now looks to 1.365 on a downside break.
USD/CAD: Ascending Triangle
USD/CAD,
1 hour
SHORT
Nov 21
There is an ascending triangle arising, the price requires a next steady impulse down as an indication of a breakdown.
An ascending triangle identifies a compelling price action indicator that identifies a bearish price move once price collapses through the support line.
USD/CAD set to plunge to the 1.37 level on a breakout of the ascending triangle.
USD/CAD: Rectangle
USD/CAD,
1 hour
SHORT
Mar 13
USD/CAD gives a rectangle and USD/CAD requests a more strong move for clear breakdown confirmation.
A rectangle typically signals the bulls have run out of steam once price breaks below support.
It is possible that a bearish push down towards 1.376 will take place as USD/CAD is at a brink of a bearish breakout.
USD/CAD: Falling Wedge
USD/CAD,
1 hour
LONG
Nov 9
It looks like a falling wedge is revealed.
A falling wedge identifies a technical price action formation that results in a bullish price action once price breaks above resistance.
USD/CAD to prolong the growth phase towards the 1.38 zone.
USD/CAD: Descending Triangle
USD/CAD,
1 hour
SHORT
Jan 19
We can see that a descending triangle is recognized, USD/CAD wants a further strong move as proof of a breakout.
A descending triangle identifies a compelling bearish indicator that can be used to signal a sharp decline when price breaks down.
There is a chance of a move to 1.347 on impulse below 1.348.
USD/CAD: Ascending Channel
USD/CAD,
1 hour
SHORT
Nov 17
As we can see an ascending channel has been exposed and the price is ready to break out soon.
An ascending channel signals a tendency to break in the opposite direction once price breaks out to the the downside.
USD/CAD targets a move towards the 1.374 mark on a break below 1.375 as minor hurdle remains at 1.375.
USD/CAD: Ascending Triangle
USD/CAD,
4 hours
LONG
Aug 23
There is an ascending triangle poping up and the price breaks out.
An ascending triangle can be thought of as a useful price action signal that can be used to identify that the price will rally further once price breaks above resistance.
There is a possibility of a bullish continuation to the 1.358 zone.
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