As we can see a descending triangle is almost completed, the price asks for rise for the certainty of breakout.
A descending triangle provides a signal that typically signals a bullish price action if price breaks out.
It is not ruled out that a rangebound to 1.351 will be made.
USD/CAD: Pennant
USD/CAD,
4 hours
LONG
Mar 14
It seems like USD/CAD completes a pennant, the price is about to break out soon.
A pennant depicts a reliable bullish indicator that signals the more likely potential of rising prices if price breaks out to the the upside.
There is a probability of a bullish push up towards 1.352 as USD/CAD becomes bid.
USD/CAD: Ascending Channel
USD/CAD,
1 hour
SHORT
Mar 10
We can see that an ascending channel has been determined and the price expects a next strong move as a sign of a breakout.
When price breaks below support, the resulting move could identify a move down.
USD/CAD to nosedive to the 1.378 mark on a breach of 1.3805.
USD/CAD: Ascending Channel
USD/CAD,
1 hour
SHORT
Mar 31
There is an ascending channel recognized and the price is close to breaking out soon.
Once price breaks through the support, the resulting move could spot extending an downtrend.
USD/CAD could drop towards 1.351.
USD/CAD: Descending Triangle
USD/CAD,
1 hour
SHORT
Feb 15
A descending triangle is distinguished.
A descending triangle identifies a bearish formation that spots prices are likely to keep falling downward once price breakdown occurs.
Corrective downside to the 1.352 zone stays on the cards as USD/CAD failes to keep gains.
USD/CAD: Rectangle
USD/CAD,
1 hour
LONG
Nov 7
It seems like a rectangle has been determined, the price is close to breaking out soon.
A rectangle is said to depict a useful price action indicator that typically predicts that prices are likely to keep rallying upward once price breaks out to the the upside.
It is not ruled out that a move towards 1.372 will be made on a breach of 1.3705.
USD/CAD: Descending Channel
USD/CAD,
1 hour
LONG
Sep 29
A descending channel is close to being completed and the price needs a further steady move as an indication of a breakout.
A descending channel identifies a reliable price signal that typically spots price reversal after a pause if price breaks out to the the upside.
USD/CAD to accomodate towards 1.35 on a breach of 1.3495 as indicators favor bulls.
USD/CAD: Rising Wedge
USD/CAD,
4 hours
SHORT
Nov 10
It looks like the price forms a rising wedge, the price expects a bigger correction for the certainty of breakout.
Once price breaks through the support, the resulting move could identify a change in the prevailing trend.
There is a chance of a bearish price action towards 1.375.
USD/CAD: Ascending Triangle
USD/CAD,
4 hours
SHORT
Apr 10
There is an ascending triangle arising, the price is about to break out now.
An ascending triangle identifies a useful pattern that can be used to indicate a move down when price breaks through the support.
USD/CAD to extend its setback to 1.348 on a downside break.
USD/CAD: Pennant
USD/CAD,
4 hours
LONG
Sep 22
There is a pennant developing, the price needs a further steady impulse up as an indication of a breakout.
A pennant can be thought of as a compelling price formation that is used to signal a sharp rise when price breaks above resistance.
Usdcad risks a move towards 1.382 as risk reversal sheds bearish bias.
USD/CAD: Falling Wedge
USD/CAD,
1 hour
LONG
Jun 27
A falling wedge pops up, USD/CAD asks for a move to confirm falling wedge breakout.
A falling wedge denotes a specific signal that typically results in a change in the prevailing trend when price breaks out to the the upside.
There is a probability of a rangebound towards 1.316.
USD/CAD: Bullish Flag
USD/CAD,
1 hour
LONG
Mar 14
There is a bullish flag spotted.
A bullish flag is said to depict a specific chart signal that identifies a bullish price action once price breaks out to the the upside.
USD/CAD to have better chances of advancing to the 1.348 mark as USD/CAD becomes bid.
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