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: 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: 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: Ascending Channel
USD/CAD,
4 hours
SHORT
Sep 15
USD/CAD: Ascending Channel
USD/CAD,
1 hour
SHORT
2 days ago
An ascending channel has been encountered and the price is about to break out now.
An ascending channel often results in that the price to go short when price breaks out.
Usdcad to slide towards the 1.396 level.
USD/CAD: Pennant
USD/CAD,
1 day
SHORT
Mar 26
USD/CAD: Pennant
USD/CAD,
1 hour
SHORT
Apr 3
USD/CAD: Rectangle
USD/CAD,
1 hour
LONG
Sep 22
We can see that a rectangle pops up.
A rectangle depicts a useful formation that typically predicts a bullish price action if price breaks above resistance.
A bullish price action towards 1.383 is likely on a break above 1.382.
USD/CAD: Descending Channel
USD/CAD,
1 hour
LONG
Oct 20
There is a descending channel diagnosed.
A descending channel indicates a next move up when price breaks above resistance.
There is a probability of a bullish move towards 1.404 on a breach of 1.4034.
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: Ascending Channel
USD/CAD,
1 hour
SHORT
Oct 8
We can see that the price develops an ascending channel, usdcad wants an active move as evidence of a breakout.
When price breaks below support, the move could signal a potential reversal in price action.
Usdcad risks suffer setback to the 1.395 level.
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.
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