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.

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 ...

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 ...

Channel pattern is a combination of two lines that ... Channels or Falling Channel- also knowns as "Descending Channels" Horizontal Channels or Flat Channel - defined by two horizontal lines.

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.

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 ...