We can see that the price is breaking below the neckline. Shoulder Head Shoulder bearish pattern is in progress. Any retest of the trend line might be used by bears to reject the price lower again.

USD/CAD has gained nearly 450 pips since the Fed announced their recent round of rate hikes in December. Though the pair has run into some structural resistance, namely the November 2016 highs, it ...

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 ...

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 ...

Autochartist recently identified the Rising Wedge chart pattern on the 4-hour USD/CAD charts. Autochartist rates the overall Quality of this chart pattern at the 5 bar level which reflects the ...

-USD/CAD appears to be in an extended 3rd wave -Fourth wave correction to near 1.3473 may offer support for bullish traders -Target 1.3650 with risk near 1.3430 USD/CAD has gained nearly 450 pips ...