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 ...
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 ...
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 ...
The CAD/JPY pair crashed in the short term as the Japanese Yen Futures tried to rebound. It’s located at 110.92 at the time of writing. Still, a larger drop needs strong confirmation. Today, the FOMC ...
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 ...