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FX.co ★ USDCAD M5: Bearish Rectangle

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Technical Analysis Patterns

2026-07-30T20:05:10
Signal strength 1 of 5

USDCAD M5: Bearish Rectangle

Bearish RectangleThe Bearish Rectangle has formed on the USDCAD M5 chart and indicates a likely continuation of the trend. Its upper boundary is at 1.4006 and its lower boundary is at 1.3990. A short position may be considered once the price closes below the lower boundary at 1.3990 of the Bearish Rectangle.
The M5 and M15 time frames may generate more false entry signals.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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