USD/CAD’s about-face has left a Bearish Engulfing pattern lacking confirmation. The impulsive swing higher comes as no surprise given the series of whipsaws over recent weeks. The pair’s tendencies ...
USD/CAD’s impulsive swings have continued with a Piercing Line pattern left in its wake. Yet the key reversal pattern awaits confirmation from a successive up-period to offer a bullish signal. Traders ...
Following the trendline breakout at the end of July and rally to just above the 1.3900 mark, USD/CAD has been stuck in a range. We do have the formation of a head and shoulder pattern, which has now ...
The GBP/CAD is in Megatrend formation. All short entries starting from March would have been in profits. At this point we scaled out of profits protecting the remainder at BE+1. The pinbar entry which ...
GBP/CAD falls to the lower boundary of a bearish price pattern. A clean break lower could indicate the start of a new downtrending cycle. Joaquin Monfort is a financial writer and analyst with over 10 ...
EUR/CAD has broken below the base of a multi-month price pattern. It is likely to go lower if the break is decisive and it can pierce below the 200-day SMA. Joaquin Monfort is a financial writer and ...
The USD/CAD exchange rate has crashed and formed a death cross pattern in the past few months. It initially peaked at 1.4793 in February and then plunged by 8% to 1.3600. This article explores what to ...
GBPCAD Head & Shoulders The rally in GBPCAD off the Q4 2021 lows looks now to have fizzled out with price putting in an interim double top formation around the 1.73 mark. Price has now broken below ...