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 ...
The rectangle is a classical technical analysis pattern described by horizontal lines showing significant support and resistance. Rather than modern technical analysis, which relies on indicators, ...
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 rectangle is a classical technical analysis pattern described by horizontal lines showing significant support and resistance. Rather than modern technical analysis, which relies on indicators, ...
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