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,
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,
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.
USD/CAD: Descending Channel
USD/CAD,
1 day
LONG
Jul 29
There is a descending channel distinguished.
Once price breaks through the resistance, the resulting move could identify a trend change to the upside.
There is a possibility of a bullish run to the 1.33 mark.
USD/CAD: Descending Channel
USD/CAD,
1 hour
LONG
Jun 27
There is a descending channel poping up.
A descending channel is said to depict an indicator that is used to spot a temporary interruption during a falling market in case if price breaks above resistance.
There is a probability of a bullish run to 1.316 on a breach of 1.3145.
USD/CAD: Descending Triangle
USD/CAD,
4 hours
LONG
Mar 21
There is a descending triangle uncovered.
A descending triangle spots the more likely potential of rising prices when price breaks through the resistance.
USD/CAD to peak to the 1.375 level.
USD/CAD: Ascending Triangle
USD/CAD,
1 hour
SHORT
Dec 13
An ascending triangle is close to being complete and USD/CAD lacks a bigger correction as proof of a breakout.
An ascending triangle identifies a technical pattern that is used to identify a further move down once price breakdown occurs.
USD/CAD embarks on a bearish correction to 1.358.
USD/CAD: Ascending Channel
USD/CAD,
4 hours
SHORT
Jul 10
An ascending channel is very close to being completed, the price is about to break out soon.
An ascending channel describes a useful price action indicator that is used to spot a further move down if price breaks out.
USD/CAD set to accelerate its decline towards 1.325.
USD/CAD: Descending Channel
USD/CAD,
1 hour
LONG
Mar 8
USD/CAD shows a descending channel, USD/CAD expects a further steady impulse up as a clue of a breakout.
A descending channel represents a pattern that spots a countertrend succeeding the current trend in case if price breaks above resistance.
A rangebound to 1.346 is about to happen.
USD/CAD: Descending Channel
USD/CAD,
1 hour
LONG
Apr 19
A descending channel develops and the price expects a more strong move as a verification of a breakout.
A descending channel is said to depict a chart formation that is angled down that is used to spot a bullish price move when price breaks above resistance.
A bullish price action to the 1.34 mark stays on the cards.
USD/CAD: Descending Channel
USD/CAD,
4 hours
LONG
Jun 23
USD/CAD shapes a descending channel, USD/CAD requires a more impulse up for clear breakout confirmation.
A descending channel often spots price reversal after a pause once price breaks through the resistance.
USD/CAD aims to complete a retracement to the 1.325 mark on a breakout of the descending channel.
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