USD/CAD tests the immediate barrier at the rectangle’s upper boundary around 1.3910. The pair is consolidating within a rectangle pattern, with the 14-day RSI above 50 indicating bullish consolidation ...

Continuation patterns are a type of chart pattern that forms during a temporary pause in an existing market trend before it resumes. These patterns suggest that the forex market is taking a breather ...

Breakoutscan generally offer some of the higher potential risk/reward setups, allowing traders to keep stops tight relative to potential profit target. One very popular way of doing so is by trading ...

The rectangle tends to be a reversal pattern. I love the pattern because its boundary lines are horizontal, meaning that a successful breakout also resolves the complete congestion zone. The targeting ...

USD/CNH tests the immediate support at the lower boundary of the rectangle around 168.80. The 14-day Relative Strength Index remains below the 50 level, indicating a prevailing bearish bias. The ...

The stock market is a constant tug of war between buyers and sellers. When this tension finally breaks, the resulting surge of momentum can lead to some of the most profitable and exciting trades an ...