By: Dima Chernovolov USD/CAD continues to rise inside the 30-minute Down Channel chart pattern which was previously identified by Autochartist. Autochartist rates the quality of this Down Channel at the 8-bar level – which is the result of the sharp Initial Trend (9 bars), strong Uniformity (8 bars) and above-average Clarity (6 bars). USD/CAD is […]

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USD/CAD has broken through the support line which it has tested twice in the past. We have seen it retrace from this position before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target line of around 1.3113 can be expected within the next 19 hours. Did […]

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