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The Morning Star candlestick pattern is a key technical analysis tool used in forex trading to identify potential reversals in market trends. This pattern consists of three distinct candlesticks and is often employed by traders to predict the end of...
The GBP/USD pair traded with low volatility and an upward movement on Thursday. The market had no reason to buy the British currency. The rise in quotes on Thursday can be attributed to a correction within a correction within a correction, but we...
Gold prices reached a new all-time high above $2,550, driven by positive market sentiment and expectations for a Federal Reserve rate cut. The XAU/USD pair gained 1.67%, benefiting from rising stock prices and a weaker US dollar. The release of US...
**USD/JPY Market Analysis** At present, the USD/JPY currency pair is trading around the 144.53 level, and the prevailing trend is bearish. This suggests that the market is currently experiencing a slow-moving phase, potentially characterized by...