The bullish engulfing pattern is a two-candle reversal pattern that occurs when the second candle completely overrides the first. What Is a Bullish Engulfing Pattern? A bullish engulfing pattern ...

The US dollar initially rally during the trading session on Wednesday, and quite frankly did not bother looking back against the Canadian dollar. We are in the midst of trying to form some type of ...

EUR/CAD has broken below the base of a multi-month price pattern. It is likely to go lower if the break is decisive and it can pierce below the 200-day SMA. Joaquin Monfort is a financial writer and ...

GBP/CAD is climbing higher within what could be a Rising Wedge price configuration. It is currently finding support at the 50-day SMA. A decisive break lower could signal substantial further weakness.

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 USD/CAD price has formed a double-top pattern ahead of Canada jobs data. Analysts expect that the country’s unemployment rate declined to 8.0%. On Wednesday, data by Ivey showed that Canada’s PMI ...

We are settled into a dry pattern as an upper level ridge settles into the eastern US. That means lots of sunshine for today with slightly above average temperatures. With a clear sky overnight and a ...

After maintaining a range-bound approach until the last North American session, the Loonie pair had taken the flight to the upside. From the 1.3200/1.3400 range levels, the USD/CAD pair elevated, ...