A bullish flag is almost done.
A bullish flag tends to be a reliable price action indicator that is used to signal that the price to go up in case if price breaks above resistance.
There is a probability of a bullish run to the 1.4 mark.
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.
USD/CAD: Ascending Channel
USD/CAD,
1 hour
SHORT
Jun 21
The price shows an ascending channel.
If price breakdown occurs, the move could predict that prices move counter to the prevailing price trend.
A further rangebound towards 1.321 looks likely.
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 Triangle
USD/CAD,
1 day
LONG
Jul 30
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.
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