USD/CAD is heading towards the resistance line of a Rising Wedge. If this movement continues, we expect the price of USD/CAD to test 1.3339 within the next 8 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 […]
USD/CAD is approaching the resistance line of a Triangle. It has touched this line numerous times in the last 4 days. If it tests this line again, it should do so in the next 12 hours. Did you know that our social media feeds are updated only 3x per day, and don’t look at short […]
The movement of USD/CAD towards the support line of a Falling Wedge is yet another test of the line it reached numerous times in the past. We expect this line test to happen in the next 2 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound […]
USD/CAD is heading towards the support line of a Head and Shoulders. If this movement continues, we expect the price of USD/CAD to test 1.3231 within the next 14 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 […]
USD/CAD is moving towards the support line of a Channel Up which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If USD/CAD continues in its current trajectory, […]
For those of you that don’t believe in trends, this may be an opportunity to take advantage of an exceptional 1.33% move on USD/CAD. The movement has happened over the last 10 days. For those trend followers among you, you may think about riding this trend. Did you know that our social media feeds are […]
The movement of USD/CAD towards the support line of a Channel Down is yet another test of the line it reached numerous times in the past. We expect this line test to happen in the next 14 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound […]
USD/CAD is heading towards the support line of a Channel Up and could reach this point within the next 2 days. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we […]
By: Dima Chernovolov USD/CAD continues to rise inside the 4-hour Rising Wedge chart pattern which was identified previously by Autochartist. Autochartist measures the quality of this Rising Wedge at the 5-bar level – which reflects the slow Initial Trend (2 bars), above-average Uniformity (6 bars) and strong Clarity (8 bars). USD/CAD is expected to rise […]
USD/CAD is heading towards the resistance line of a Rising Wedge. If this movement continues, we expect the price of USD/CAD to test 1.3348 within the next 2 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 […]
