The Spinning Top candlestick pattern is a popular formation in technical analysis that signals market indecision. It is characterized by a small real body positioned between relatively long upper and lower shadows. The small body indicates that the...
Price Action Analysis for GBP/USD (Based on H1 Data) Market State: GBP/USD is in a clear and persistent downtrend on the hourly timeframe, characterized by a series of lower highs and lower lows. The price action shows consistent selling pressure...
AUDJPY Daily Forecast AUD/JPY saw a significant recovery on Monday after it managed to get solid support around the area where the 107.60 horizontal support level meets the ascending trendline drawn from the November 6 low. This technical crossroads...
CADJPY DAILY CHART ANALYSIS CADJPY on the daily timeframe has changed from a recovery phase to a corrective decline after the pair failed to hold the momentum above the 115.001, 15.30 resistance zone. The overall structure indicates that the price...
GBP/JPY DAILY CHART ANALYSIS GBP/JPY has morphed into a less confident technical angle as a result of the 50-day Simple Moving Average break and plunge below the 186.50- 182.50 range, which has been limiting price variations since the middle of...
