We can see that the price is breaking below the neckline. Shoulder Head Shoulder bearish pattern is in progress. Any retest of the trend line might be used by bears to reject the price lower again.

Following the trendline breakout at the end of July and rally to just above the 1.3900 mark, USD/CAD has been stuck in a range. We do have the formation of a head and shoulder pattern, which has now ...

Autochartist recently identified the Rising Wedge chart pattern on the 4-hour USD/CAD charts. Autochartist rates the overall Quality of this chart pattern at the 5 bar level which reflects the ...