EURCAD Trend Line Break and Pullback Zones
EURCAD had been carving out higher lows since late July, with a rising trend line connecting these swing points into what looked like an ascending triangle formation.
EURCAD had been carving out higher lows since late July, with a rising trend line connecting these swing points into what looked like an ascending triangle formation.
WTI crude oil has been climbing steadily inside an ascending channel since late August, with the commodity recently pushing up to test the channel top around $93.22 per barrel.
Natural gas has been climbing steadily inside an ascending channel since late August, but the rally may be running out of steam after a topping pattern took shape near the $3.000 handle.
NZDCAD recently broke down from a long-standing ascending trend line that had guided price higher since early July, confirming a shift in momentum.
WTI crude oil has carved out a steep rally since late August, climbing from lows near $80.18 to a recent high of $93.05 before easing off to trade around $91.67.
Natural gas has been climbing steadily inside a well-defined ascending channel since late August, with rising lows and rising highs keeping the broader uptrend intact.
NZDUSD has broken down below the rising trend line that had guided its climb since early July, with price also slipping beneath the 100 SMA in a signal that the broader uptrend may be losing steam.
WTI crude oil appears to be breaking out of a long-term symmetrical triangle, as price recently punched above the descending trend line that’s been capping rallies since the March highs.