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: Descending Triangle
USD/CAD,
1 hour
LONG
Oct 11
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: Bullish Flag
USD/CAD,
1 hour
LONG
Oct 31
A bullish flag is close to being complete, USD/CAD asks for a bit more consolidation for clear breakout confirmation.
A bullish flag is said to depict a reliable bullish price signal that is used to identify a next move up if price breaks through the resistance.
USD/CAD to increase bullish potential to the 1.384 mark on impulse above 1.3835 as the currency pair challenges 1.3835 hurdle.
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: 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: 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,
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.
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