Engulfing Candlestick Pattern in Forex Trading The engulfing candlestick pattern is a two-candle reversal signal commonly used in forex trading to indicate a potential change in market direction. It comes in two forms: bullish and bearish. 1....
Currently, the AUD/USD pair trades near the 0.6300 level, reflecting a slight recovery from prior bearish momentum. The price action indicates that the market has been oscillating within a well-defined range, with strong support around 0.6280 and...
USDCHF currency pair - let’s consider the D1 period chart. The wave structure that is building its order downwards and the MACD indicator that was falling in the lower sales zone and below its signal line are in favor of the sellers. Well, it can be...
Today, the NZD/USD market remains open for buyers. A bullish mood continues to dominate the price movement. The main reason for these outlooks is the expected impact of the most important US economic data, particularly the US Khan-CPI and incoming...
Forecast of AUDUSD The AUDUSD daily time frame chart indicates that the price has been in a bearish trend for a long time. However, a few trading days ago, when there was no supply from bears, the AUDUSD began to move in an ascending channel. The...
