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Technicals: Alcoholic beverages stock turns weak after channel breakdown
The Stock after a phase of sideways consolidation in recent sessions, has formed a rectangular channel pattern on its 2-hour chart, with a downside breakout indicating a potential bearish continuation ...
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 is a classical technical analysis pattern described by horizontal lines showing significant support and resistance. Rather than modern technical analysis, which relies on indicators, ...
USD/CNH tests the immediate support at the lower boundary of the rectangle around 168.80. The 14-day Relative Strength Index remains below the 50 level, indicating a prevailing bearish bias. The ...
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