A descending channel turns up and the price needs a further strong impulse up as evidence of a breakout.
Once price breaks above resistance, the move could spot a further move up.
USD/CAD looks ready to further extend its gains towards 1.374.
USD/CAD: Ascending Channel
USD/CAD,
1 hour
SHORT
Oct 5
We can see that an ascending channel is close to being finished, the price is about to break out.
An ascending channel can be thought of as a compelling price signal that typically identifies that the price to go down in case if price collapses through the support line.
A bearish move to 1.37 about to be made as USD/CAD becomes capped.
USD/CAD: Rectangle
USD/CAD,
4 hours
SHORT
Jan 26
There is a rectangle taking place and USD/CAD calls for a next active bearish continuation as a verification of a breakdown.
A rectangle identifies a useful indicator that predicts extending an downtrend in case if price breaks below support.
USD/CAD to drop to the 1.342 mark on a breach of 1.343.
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: Rectangle
USD/CAD,
1 hour
LONG
Jun 27
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: Pennant
USD/CAD,
1 hour
SHORT
Apr 3
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 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: 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: 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.
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