As we can see a rising wedge is nearing completion.
Once price breakdown occurs, the resulting move could signal that the price to go short.
A further bearish run to 1.36 looks probable on impulse below 1.37.
USD/CAD: Descending Channel
USD/CAD,
1 hour
LONG
Dec 20
It looks like a descending channel has been noticed, the price needs a strong move as an indication of a breakout.
A descending channel is considered to be a reliable bullish price action indicator that typically identifies a bullish move if price breaks out.
There is a probability of a rangebound towards 1.336 on a breakout of the descending channel amid USD/CAD recovers from recent lows.
USD/CAD: Falling Wedge
USD/CAD,
1 hour
LONG
Jan 31
There is a falling wedge uncovered, USD/CAD lacks a further bigger bullish move as a sign of a breakout.
A falling wedge is believed to be a specific price pattern that is angled down that is used to signal a bullish move in case if price breaks out.
USD/CAD looks north to 1.343.
USD/CAD: Descending Channel
USD/CAD,
1 day
LONG
Aug 3
A descending channel is close to completion.
A descending channel is said to depict a price action indicator that typically results in a downward trend is about to reverse into an upnward trend once price breaks out to the the upside.
USD/CAD to strengthen to 1.34.
USD/CAD: Ascending Triangle
USD/CAD,
4 hours
LONG
Jul 26
An ascending triangle is close to being completed, the price is about to break out.
An ascending triangle typically identifies a next move up if price breaks above resistance.
USD/CAD to recover bullish potential towards the 1.324 level on a breakout of the ascending triangle.
USD/CAD: Ascending Triangle
USD/CAD,
1 hour
SHORT
Aug 31
It seems like an ascending triangle is close to being done.
An ascending triangle often signals a bearish move once price breaks out to the the downside.
There is a chance of extra downside to 1.353.
USD/CAD: Descending Channel
USD/CAD,
4 hours
LONG
Dec 28
It looks like a descending channel has been recognized, USD/CAD lacks a steady bullish continuation as a sign of a breakout.
A descending channel is said to depict a bullish chart indicator that is used to spot a move up when price breaks through the resistance.
There is a possibility of a bullish run to 1.325.
USD/CAD: Falling Wedge
USD/CAD,
1 hour
LONG
Feb 19
A falling wedge is uncovered.
If price breaks through the resistance, the resulting move could predict a pause in a downtrending market.
USD/CAD to prolong the growth phase to the 1.349 mark on a breach of 1.3478 as the currency pair becomes bid.
USD/CAD: Descending Triangle
USD/CAD,
1 hour
LONG
Oct 18
A descending triangle materializes, USD/CAD requests a next strong move as a clue of a breakout.
A descending triangle identifies a chart signal that is used to predict a sharp rise if price breaks through the resistance.
A move towards 1.366 looks probable.
USD/CAD: Rising Wedge
USD/CAD,
1 hour
SHORT
Feb 21
There is a rising wedge emerging, the price is about to break out.
A rising wedge is believed to be a reliable bearish pattern with an upward bias that is used to indicate a pause in an uptrending market when price breaks out.
It is possible that a rangebound towards 1.351 will happen on impulse below 1.3515.
USD/CAD: Ascending Channel
USD/CAD,
1 hour
SHORT
Feb 27
There is an ascending channel exposed and the price is ready to break out now.
An ascending channel typically identifies that the price to go short when price breakdown occurs.
It is not ruled out that extra downside to 1.35 will happen.
USD/CAD: Falling Wedge
USD/CAD,
1 hour
LONG
Apr 5
There is a falling wedge appearing, USD/CAD requires a further active impulse up to confirm falling wedge breakout.
If price breaks above resistance, the move could spot a downward trend is about to reverse into an upnward trend.
USD/CAD to push up towards the 1.346 level.
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