EUR/USD ANALYSIS D1 Period Chart Today on the weekend we will once again consider the EURUSD currency pair - the D1 period chart. This week the price has already managed to update the minimum of the previous week and reach the expected target - the...
GBP/ USD Price Signals Our conversation focuses on the evaluation of the GBP/ USD currency pair's present price action. Since GBP/USD hit 1.3263, the pair has faced selling pressure, leading to a gradual decline. As the price dropped, buyers...
The euro experienced a slight dip at the start of the week and selling pressure intensified early on Monday. However, the trend shifted when the European Central Bank (ECB) announced a rate cut and maintained a somewhat hawkish stance in the short...
USD/JPY More than five hundred pips gained in the USDJPY market last month. Market conditions highly support buyers, and sellers seek a shadow to survive. USDJPY is affected by the Dollar index. There is a second resistance line far away from the...
What is shooting star candlestick pattern in forex trading. A shooting star pattern is found at the top of an uptrend, when the trend is losing its momentum. The shooting star is actually the hammer candle turned upside down, very much like the...