Melvin Pasternak has spent 27+ years teaching at Mount Royal University and is the author of 21 Candles Every Trader Should Know. Suzanne is a content marketer, writer, and fact-checker. She holds a ...

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 ...

USD/CAD may target the upper boundary of the rectangle around 1.4060. The 14-day Relative Strength Index remains above 50, signaling an active bullish bias. The pair may find its initial support at ...

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 ...

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, ...