The price completes a descending triangle.
A descending triangle indicates a sharp rise in case if price breaks above resistance.
A bullish move to the 1.36 zone about to be made once beyond 1.3588.
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.
USD/CAD: Pennant
USD/CAD,
1 hour
SHORT
Dec 26
We can see that a pennant is very close to being completed.
A pennant can be thought of as a reliable price action pattern that is used to signal a move down in case if price breaks through the support.
USD/CAD to suffer further downside to the 1.324 zone amid the currency pair recedes from recent highs.
USD/CAD: Bullish Flag
USD/CAD,
1 hour
LONG
Oct 17
It looks like USD/CAD forms a bullish flag.
In case if price breaks out to the the upside, the resulting move could predict a pause in a downtrending market.
USD/CAD dives out bearish trendline towards the 1.364 mark.
USD/CAD: Ascending Triangle
USD/CAD,
4 hours
SHORT
Jul 27
It seems like an ascending triangle has been observed.
An ascending triangle suggests a chart pattern with an upward bias that identifies a temporary interruption of an existing trend once price breaks down.
A bearish price action to 1.316 is likely to happen on a breakout of the ascending triangle as bearish momentum increases.
USD/CAD: Rising Wedge
USD/CAD,
1 hour
SHORT
Dec 19
As we can see USD/CAD creates a rising wedge and the price requests next strong push down as proof of a breakout.
A rising wedge often predicts a bearish price move once price breakdown occurs.
USD/CAD looks south to 1.339.
USD/CAD: Bullish Rectangle
USD/CAD,
1 hour
LONG
Aug 8
A bullish rectangle forms and the price wants a further strong move to confirm bullish rectangle breakout.
A bullish rectangle identifies a specific bullish pattern that often spots a next move up in case if price breaks out.
USD/CAD to have better chances of advancing to the 1.34 zone once above 1.3396.
USD/CAD: Ascending Triangle
USD/CAD,
4 hours
LONG
Aug 15
An ascending triangle is nearing completion.
An ascending triangle denotes a bullish price pattern that typically spots a move up if price breaks out.
USD/CAD to accomodate towards 1.35.
USD/CAD: Ascending Triangle
USD/CAD,
1 hour
LONG
Jun 20
An ascending triangle is nearing completion.
An ascending triangle typically predicts that the price to go long in case if price breaks out.
There is a chance of a further bullish run towards 1.323 as bulls looking for upside correction.
USD/CAD: Pennant
USD/CAD,
4 hours
SHORT
Mar 20
It seems like a pennant is recognized and USD/CAD wants a move as an information of a breakout.
A pennant provides a compelling bearish price action pattern that can be used to identify a bearish move when price breaks through the support.
There is a possibility of corrective downside to the 1.365 mark.
USD/CAD: Descending Channel
USD/CAD,
1 hour
LONG
Jul 14
It seems like a descending channel turns up, the price is breaking out.
A descending channel is believed to be a useful bullish price action signal that is used to predict a bullish price action when price breaks out.
USD/CAD does not rule out a move to 1.312.
USD/CAD: Ascending Channel
USD/CAD,
4 hours
SHORT
May 1
There is an ascending channel materializing, USD/CAD lacks a move as an information of a breakout.
An ascending channel is said to depict a specific bearish price action pattern that has an upward slope that typically signals a bearish price move once price breaks out.
USD/CAD risks a correction to the 1.352 mark on a break below 1.354.
Disclaimer.
No Investment Advice Provided.
Any opinions, chats, messages, news, research, analyses, prices, or other information contained on this Website are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice.
The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.
Patterns.cc will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Risk Disclosure.
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.