Learn how to optimize trades with trend lines with DailyFX Education. Over the past month of trading, USD/CAD has found resistance three times by a high initially set at the beginning of December, but ...
The first instrument is the CAD/CHF, where we have a beautiful ascending triangle pattern. This is promoting a breakout to the upside and it is happening as we speak. Since today, the price couldn’t ...
USD/CAD (a daily chart of which is shown), which has generally been entrenched in an overall sideways consolidation since late 2009, has now formed a large converging triangle pattern consolidation.
The USD/CAD failed on Friday to push through triangle resistance, and has since dropped to triangle support. With the market so close to the apex as seen in the daily chart, a break is imminent. Note ...
- Bank of Canada (BoC) to Keep Benchmark Interest Rate at 0.50%. - Will Governor Stephen Poloz Endorse a Wait-and-See Approach? For more updates, sign up for David's e-mail distribution list. Trading ...
EUR/CAD is completing a Symmetrical Triangle pattern on the weekly chart. A breakout is expected – probably quite soon – leading to a volatile directional move higher or lower. Given the move prior to ...