By: Dima Chernovolov USD/CAD continues to rise inside the hourly Up Channel chart pattern, which was previously identified by Autochartist. Autochartist rates the quality of Up Channel at the 4-bar level – which is the result of the slow Initial Trend (1 bar), low Uniformity (2 bars) and near-maximum Clarity (8 bars). USD/CAD is expected […]
By: Dima Chernovolov USD/CAD continues fall inside the daily Down Channel chart pattern, which was previously identified by Autochartist. Autochartist rates the quality of Down Channel at the 3-bar level – which is the result of the slow Initial Trend (4 bars) and above-average Uniformity (6 bars). USD/CAD is expected to fall further inside this […]
By: Dima Chernovolov USD/CAD continues to rise inside hourly Down Channel chart pattern, which was earlier identified by Autochartist. Autochartist rates the quality of this Down Channel at the 5-bar level – which is the result of the low Initial Trend (1 bar), above-average Uniformity (6 bars) and medium Clarity (5 bars). USD/CAD is expected […]
By: Dima Chernovolov USD/CAD continues to rise inside the 30-minute Down Channel chart pattern which was previously identified by Autochartist. Autochartist rates the quality of this Down Channel at the 8-bar level – which is the result of the sharp Initial Trend (9 bars), strong Uniformity (8 bars) and above-average Clarity (6 bars). USD/CAD is […]
USD/CAD is heading towards the support line of a Rising Wedge. If this movement continues, we expect the price of USD/CAD to test 1.3112 within the next 3 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up […]
USD/CAD is approaching the support line of a Rising Wedge. It has touched this line numerous times in the last 14 days. If it tests this line again, it should do so in the next 3 days. Did you know that our social media feeds are updated only 3x per day, and don’t look at […]
USD/CAD is approaching the support line of a Triangle. It has touched this line numerous times in the last 3 days. If it tests this line again, it should do so in the next 19 hours. Did you know that our social media feeds are updated only 3x per day, and don’t look at short […]
USD/CAD has broken through the support line which it has tested twice in the past. We have seen it retrace from this position before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target line of around 1.3113 can be expected within the next 19 hours. Did […]
USD/CAD is moving towards the resistance line of a Falling Wedge. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 13 days and may test it again within […]
USD/CAD is heading towards the resistance line of a Channel Down. If this movement continues, we expect the price of USD/CAD to test 1.3212 within the next 13 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up […]
