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 […]
USD/CAD is heading towards the support line of a Channel Down. If this movement continues, we expect the price of USD/CAD to test 1.3222 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 […]
USD/CAD is heading towards a line of 1.3339. If this movement continues, we expect the price of USD/CAD to test 1.3339 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 rebounding just like […]
USD/CAD is moving towards the support line of a Descending Triangle 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, […]
The movement of USD/CAD towards the resistance line of a Channel Up 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 resistance line of a Rising Wedge and could reach this point within the next 21 hours. 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 […]
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 1.3085 can be expected within the next 2 days. Did […]
