A horizontal channel is a technical pattern with trend lines connecting pivot highs and lows, indicating a price range where buying and selling pressures are equal, causing sideways movement.

James Chen, CMT is an expert trader, investment adviser, and global market strategist. Gordon Scott has been an active investor and technical analyst or 20+ years. He is a Chartered Market ...

Silver price consolidates within the horizontal channel pattern. The alignment of the nine- and 14-day EMAs indicates an absence of clear directional momentum. The 14-day RSI consolidates below ...

Charts with a horizontal pattern setup are more reliable than those with a diagonal setup, says Aksel Kibar, CMT, founder of Tech Charts Research & Education Services. When a breakout takes place ...

USD/CAD move sideways within a horizontal channel pattern. The technical indicator MACD suggests an emergence of a bullish bias. The psychological level of 1.3700 appears as the key resistance level.