The movement of USD/CAD towards the resistance line of a Ascending Triangle 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 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 2 days and may test it again within […]
USD/CAD is heading towards the resistance line of a Falling Wedge 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 […]
A movement of 1.84% over 13 days on USD/CAD doesn’t go unnoticed. You may start considering where it’s heading next, a continuation of the current downward trend, or a reversal in the previous direction. Did you know that our social media feeds are updated only 3x per day, and don’t look at short term movements? […]
USD/CAD is approaching the resistance line of a Channel Down. It has touched this line numerous times in the last 8 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 […]
USD/CAD has broken through the resistance line of a Triangle. It has touched this line at least twice in the last 12 days. This breakout indicates a potential move to 1.3530 within the next 3 days. Because we have seen it retrace from this positions in the past, one should wait for confirmation of the […]
USD/CAD is moving towards the resistance line of a Triangle. 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 10 days and may test it again within the […]
USD/CAD is heading towards the resistance line of a Channel Up. If this movement continues, we expect the price of USD/CAD to test 1.3513 within the next 21 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 […]
The movement of USD/CAD towards the support line of a Descending Triangle is yet another test of the line it reached numerous times in the past. We expect this line test to happen in the next 3 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound […]
By: Dima Chernovolov USD/CAD continues to fall insider the 4-hour Triangle chart pattern which was recently identified by Autochartist. Autochartist rates the quality of daily this Triangle at the 4-bar level – which is the result of the slow Initial Trend (3 bars), average Uniformity (5 bars) and lower Clarity (3 bars). USD/CAD is expected […]
