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.
USD/CAD: Ascending Channel
USD/CAD,
4 hours
SHORT
Mar 27
An ascending channel materializes.
An ascending channel denotes a specific bearish chart formation that has an upward slope that can be used to signal a next move down once price breaks down.
USD/CAD to accomodate towards 1.36 as USD/CAD becomes weaker.
USD/CAD: Falling Wedge
USD/CAD,
1 hour
LONG
Feb 2
It seems like the price shows a falling wedge and the price is close to breaking out.
In case if price breaks out, the resulting move could predict that the price to go long.
USD/CAD does not rule out a move towards 1.34 on a breach of 1.338 as the mood may improve.
USD/CAD: Ascending Channel
USD/CAD,
4 hours
SHORT
Dec 11
An ascending channel happens.
An ascending channel provides a compelling chart signal that is used to spot an interruption of an uptrend when price breaks below support.
There is a possibility of extra downside to the 1.356 level while below 1.358 as upside pressure seen easing.
USD/CAD: Ascending Channel
USD/CAD,
1 hour
SHORT
Mar 10
We can see that an ascending channel has been determined and the price expects a next strong move as a sign of a breakout.
When price breaks below support, the resulting move could identify a move down.
USD/CAD to nosedive to the 1.378 mark on a breach of 1.3805.
USD/CAD: Descending Triangle
USD/CAD,
1 hour
LONG
May 24
As we can see a descending triangle is almost completed, the price asks for rise for the certainty of breakout.
A descending triangle provides a signal that typically signals a bullish price action if price breaks out.
It is not ruled out that a rangebound to 1.351 will be made.
USD/CAD: Pennant
USD/CAD,
4 hours
LONG
Mar 14
It seems like USD/CAD completes a pennant, the price is about to break out soon.
A pennant depicts a reliable bullish indicator that signals the more likely potential of rising prices if price breaks out to the the upside.
There is a probability of a bullish push up towards 1.352 as USD/CAD becomes bid.
USD/CAD: Rectangle
USD/CAD,
1 hour
LONG
Nov 7
It seems like a rectangle has been determined, the price is close to breaking out soon.
A rectangle is said to depict a useful price action indicator that typically predicts that prices are likely to keep rallying upward once price breaks out to the the upside.
It is not ruled out that a move towards 1.372 will be made on a breach of 1.3705.
USD/CAD: Ascending Channel
USD/CAD,
1 hour
SHORT
Mar 31
There is an ascending channel recognized and the price is close to breaking out soon.
Once price breaks through the support, the resulting move could spot extending an downtrend.
USD/CAD could drop towards 1.351.
USD/CAD: Descending Triangle
USD/CAD,
1 hour
SHORT
Feb 15
A descending triangle is distinguished.
A descending triangle identifies a bearish formation that spots prices are likely to keep falling downward once price breakdown occurs.
Corrective downside to the 1.352 zone stays on the cards as USD/CAD failes to keep gains.
USD/CAD: Descending Channel
USD/CAD,
1 hour
LONG
Sep 29
A descending channel is close to being completed and the price needs a further steady move as an indication of a breakout.
A descending channel identifies a reliable price signal that typically spots price reversal after a pause if price breaks out to the the upside.
USD/CAD to accomodate towards 1.35 on a breach of 1.3495 as indicators favor bulls.
USD/CAD: Rising Wedge
USD/CAD,
4 hours
SHORT
Nov 10
It looks like the price forms a rising wedge, the price expects a bigger correction for the certainty of breakout.
Once price breaks through the support, the resulting move could identify a change in the prevailing trend.
There is a chance of a bearish price action towards 1.375.
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