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 […]
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 1.3199 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 moving towards the support line of a Channel Down 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, […]
USD/CAD is moving towards the support 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 […]
By: Dima Chernovolov USD/CAD continues to rise inside the daily Down Channel chart pattern which was earlier identified by Autochartist. Autochartist rates the quality of this Down Channel at the 6-bar level – which is the result of the slow Initial Trend (1 bar), strong Uniformity (10 bars) and significant Clarity (8 bars). USD/CAD is […]
