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FX.co ★ USDCAD M5: Bearish Rectangle

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Technical Analysis Patterns

2026-10-29T03:17:02
Signal strength 1 of 5

USDCAD M5: Bearish Rectangle

Bearish RectangleThe Bearish Rectangle has formed on the USDCAD M5 chart. This is a trend continuation pattern bounded by the lower boundary at 1.3969–1.3969 and the upper boundary at 1.3982–1.3982. A breakout below the lower boundary is likely to signal a continuation of the downtrend.
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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